Upon completion of this chapter, the reader should be able to:

10.1 Identify the costs associated with global sourcing and provide an example of each.

10.2 Explain the impact the exchange rate can have on overall costs.

10.3 Discuss the challenges experienced in global sourcing in terms of ethics, lead times, and communication.

10.4 State the qualitative and quantitative factors impacting risk assessment in the strategic planning for global sourcing.

10.5 Define protectionism and its impact on global sourcing.

10.6 Describe negotiation techniques for various cultures.

10.7 Explain opportunism and provide an example of poaching and shirking.

10.8 Identify the procedures necessary for importing goods to the United States.

10.9 Describe how to effectively use foreign trade zones.