Question

1. How do international purchasing and global sourcing differ? Justify your answer

2. Discuss how Free Tarde Zones (FTZ) can improve on the advantages gained

from worldwide sourcing.

a. Locate a FTZ near you, provide the country and area

Answer 1

1) when purchasing activity is performed in international market to support the firm's operation and make sure a reliable source of supply, then this process is referred to as international purchasing.

. Global sourcing is a procedure of sourcing goods and services from the international market throughout geopolitical boundries. ​​​​​

. International purchasing is done between two or more specific regions. Worldwide procurement comapnies invest in other nations.whereas global purchasing globally handles project no country specifications are there.

. As international purchasing is only with two or countries but global sourcing is between a country and the whole world.

2) free trade zone are the special economic zones where goods may be landed, stored, handeled, manufactured and re exported under specific custom regulations and generally not subjected to custom duty.

. A free trade zone also increases the efficiency and encourages competition which consequently increases countries efficiency.

. Free trade zone can improve on advantage gained from worldwide sourcing as these are the zones where no custom or any other tax duty is imposed as it can have a easy supply of goods and services.

a) I live in India and FTZ zone near my location is Sri city which is a planned integrated city and located along the borders of two staes which are Andhra Pradesh and Tamil Nadu.

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