Discuss three main advantages of international purchasing, Supply Chain Management

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QUESTION

(a) Explain the meaning of International Purchasing and illustrate your answer with an example

(b) (i) Discuss three main advantages of International Purchasing

(ii) Discuss the following problem areas in International Purchasing:

(1) True delivered cost

(2) Communication in terms of language and time zones

(c) (i) Explain the meaning of Countertrade and illustrate your answer with an example

(ii) List two benefits and two drawbacks of Countertrade

(d) Explain two ways in which globalization and the development of Information and Communication Technology (ICT) respectively have contributed in easing International Purchasing


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