Question

1. What role does the sourcing agent play in the 4Ps of marketing?

2. How does the outsourcing approach challenge the requirements of supply chain management?

3. What specific challenges are faced by different industries such as Food, Toys, Auto parts, etc.?

4. How can outsourced companies overcome supply chain demands from globalization?

5. Does outsourcing the 4Ps and using sourcing agents create value?

6. Which is more important in today’s globalization: a market orientation or a relationship orientation?

Answer 1

What role does sourcing agent play in the 4Ps of marketing?

Sourcing agent takes product and finds what you require and determine best price for it in market and finds the best place to sell through promotion.This makes the company get good market for its products which become profitable.Sourcing agent is sales person and sell the product and make it available and affordable to the consumer.

How does outsourcing approach challenge requirements of supply chain management? What are the specific challenges faced by the different industries such as Food, Toys, Auto parts, etc.?

Outsourcing usually challenge supply chain by adding another level.This requires experts from outside.The control aspect of the supply chain management is in some aspects is delegated to outsourcing management who are able to deliver in a timely manner.Outsourcing might result to complications but might also reduce the costs hence allowing pother aspects of business hence helping to satisfy the customer demand.

How can the outsourced companies overcome the supply chain demands from globalization?

This could be overcome through distribution where this results to development which is vital for companies to overcome demand.The other way is reaching poor and middle c;lass where if this is sorted then other problems will take care of themselves.

Does outsourcing 4Ps and using the sourcing agents to do so create value?

This automatically creates value for the companies where ability of using professional services helps in alleviation of hassles which are associated with managing those areas.

Which is more important in the today's globalization: a market orientation or a relationship orientation?

A market oriengtation is what is motre important because through this you are able to determine what the people need