Global supplier sourcing is the strategy in which companies acquire materials from international markets. Mostly, global sourcing aims at exploiting large scale efficiency and also to avoid the chances of risks that are mostly to be encountered especially when goods and services are delivered. Management is a crucial activity in the global sourcing whereby a company can identify most likely and reliable suppliers by controlling the cost efficiently. The company should ensure smooth and systematic way of conducting its sourcing processes. The main purpose of this paper is to discuss the advantages and disadvantages of global sourcing for both the buyers and the suppliers.
Global sourcing is associated with several advantages which include the following; low cost, availability of technological skills and ability to choose materials from suppliers. To start with, in global sourcing low costs is one of the main advantages. Most suppliers offer their materials at relatively competitive prices hence encouraging companies to rely on their goods and services (Gillespie & Riddle, 2015) .Suppliers in low-cost regions make companies with tight financial statement to maximize their end result as they make a lot of profits. Secondly, availability of technology is another advantage of global sourcing. Some of the companies tend to source internationally because of lack of technological capacity in the domestic suppliers . Lastly, in global sourcing, companies get chances of choosing the materials from suppliers. Most companies choose the most reliable and convenient material s from various international suppliers and at last buy from their best choice.
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There are number of disadvantages associated with global supplier sourcing. Job loss is one of the major challenges as domestic workers lose job opportunities. Job loss affects economic growth negatively since there will be more unemployed people in a country. Secondly, quality problem is another prime challenge (Gillespie et al, 2015) . A company reduces the quality of its products by tending to reduce production cost since it is only guided by profit making.
World Wide Web
World Wide Web (WWW) is a Hypertext Markup Language (HTML) that is accessed using Hypertext Transfer Protocol (HTTP) in an online network. The main purpose of this paper is to discuss types of businesses that can exist as a result of WWW. Marketing and advertisement, direct on-line selling and research companies are the examples of businesses that have existed as a result of the World Wide Web.
World Wide Web has supported these businesses in different ways. To start with, in marketing and advertisement uses WWW as an ideal medium to promote themselves and their products by creating a site in the web hence being accessed by millions of clients (Laudon & Traver, 2016). . Secondly, direct on-line selling where it is possible to browse on online catalogues hence accessing their products. Research and development companies use internet sources to gather information. Webs create a platform where one can post a question or join a discussion and come up with possible solutions. Laudo et al, (2016) states that WWW has made it easier to start new business needs communication within the business. Email is always the best communication medium and other websites that a business can post and advertise its products.
Business monopoly is the process whereby a particular business supplies a unique product in the market. Businesses with webs are difficulty to establish themselves as monopolies simply because other people can come up with similar business strategies. First degree is one of the price discrimination which occurs when a business exactly knows specific amount a customer is willing to pay for a particular product or service. Mostly, negotiation always determines the final price of a product though it is time consuming but allows the supplier to know the exact profit gained after every sale.
References
Gillespie, K., & Riddle, L. (2015). Global marketing . Routledge.
Laudon, K. C., & Traver, C. G. (2016). E-commerce: business, technology, society .
