AM 270 Week 14
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This 2 page Class Notes was uploaded by luke koppa on Friday April 29, 2016. The Class Notes belongs to AM 270 at Colorado State University taught by Ruoh-Nan Yan in Winter 2016. Since its upload, it has received 23 views. For similar materials see Merchandising processes in General at Colorado State University.
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Date Created: 04/29/16
AM 270 Week 14 Chapter 11 Global Sourcing o Competition Leader vs. follower Could gain from using an unknown manufacturer, but it is very risky o Distance Affects throughput time, shipping time, etc… o Political and economic environments o Government regulations Tariffs (duty) Taxes charged on goods that are imported Help increase revenues for the government 12 free trade agreements (FTA’s) with 18 countries o Elimination of tariffs o NAFTA North American FTA o DRCAFTA Central America + Dominican Republic FTA Import Quota Limit on quantity of goods that can be produced abroad and sold domestically Absolute Quota o No further entries are allowed when quota is met Tariffrate quota o Higher duty rate after quota period By category o Ex: yarn, fabric, or apparel o Square Meter Equivalents (SME) Amount of fabrics required to make a garment or group of garments Determine quantities of apparel exported and imported around the world Multiple contracting countries may be necessary Different countries have different specifications o Cost o Expertise in various types of products o Fashion vs. basic items: may need a closer factory for fashion items for shorter throughput time For basic may need larger capacity but not care about time as much o Tariffs/quotas o Socially responsible sourcing What is Socially responsible sourcing (SRS) Inclusion in purchasing decisions of the social issues advocated by organizational stakeholders Organizational stakeholders: customers, employees, suppliers, shareholders, management Workplace Code of Conduct by Fair Labor Association (FLA) No child labor No forced labor o Bonded labor paying off debt by working for extremely low wages No harassment/abuse Health and safety requirements Freedom of association and collective bargaining o Potential for creating unions, clubs, etc… o Collective bargaining negotiate as a group Nondiscrimination Working hours Overtime compensation Environmental protection
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