W5: The Sourcing Function • Find a business example of outsourcing and explain the risks and benefits
this company faces by outsourcing its components or finished products.
• There has been a push in many communities to source locally. Restaurants
are specializing in local sourcing as are grocery stores and craft retailers.
Identify the risks and benefits of this sourcing method.
Explain the differences between sourcing manufactured products versus
services. Identify some of the key challenges that occur in defining service
specifications versus manufactured product specifications. Provide an
example of each.
Identify the primary ways in which the sourcing function impacts supply
chain management. Find an industry example where sourcing has
significantly benefited the organization and where it has significantly hurt the
organization.
Define in some detail the sourcing function in your organization including: