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EXPORTING & GLOBAL SOURCING (13.1 Understand exporting as a foreign…

- - - - The firm’s integrated network of sourcing, production, and distribution, organized on a world scale, and located in countries where competitive advantage can be maximized.
        
        Use information and communications technologies (ICTs) to streamline operations, reducing costs and increasing distribution efficiency.
        Physically moving goods through the supply chain. Incorporates information, transportation, inventory, warehousing, materials handling and similar activities associated with the delivery of raw materials, parts, components, and finished products.
- - - - Procurement of products or services from suppliers located abroad for consumption in the home country or a third country
      - Driver of Global Sourcing
        Technological advances in communications, especially the Internet and international telephony.
        Falling costs of international business.
        Entrepreneurship and rapid economic transformation in emerging market countries.
    - - Relocation of a business process or entire manufacturing facility to a foreign country.
        Common in the service sector, including banking, software writing, legal services, and customer service activities.