Wal-Mart's global sourcing strategy is designed:
A)to reduce costs of goods,increase speed to market,and improve the quality of products.
B)to identify and evaluate marketing opportunities.
C)to increase production efficiency.
D)to process transactions in real-time.

Question

Quizplus · Accepted Answer

Wal-Mart's global sourcing strategy is primarily focused on reducing the cost of goods, increasing the speed to market, and improving the quality of products. This is achieved by sourcing products from low-cost countries, leveraging economies of scale, and working closely with suppliers to streamline production processes. The strategy is also designed to mitigate risks associated with supply chain disruptions, currency fluctuations, and geopolitical instability. Therefore, option A is the best choice.

Wal-Mart's Global Sourcing Strategy Is Designed