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There are positives and negatives for a business in saucing suppliers local, nationally or from overseas. Sometimes there is no choice while at other times there is much choice. For example, if you sell new cars you have no choice but to get your supplies from overseas as there are no car manufacturers in Australia. On the other hand, if you were to source IT support services for your new business there would be a range of companies locally, nationally and internationally that could provide personal or on-line support. So how does a business make a decision on who to get their supplies from? What are some considerations they will have to think about? Complete the table below which asks you to think about local and overseas sourcing and what might be an advantage and a disadvantage for each of the considerations.

Question

There are positives and negatives for a business in saucing suppliers local, nationally or from overseas. Sometimes there is no choice while at other times there is much choice. For example, if you sell new cars you have no choice but to get your supplies from overseas as there are no car manufacturers in Australia. On the other hand, if you were to source IT support services for your new business there would be a range of companies locally, nationally and internationally that could provide personal or on-line support.

So how does a business make a decision on who to get their supplies from? What are some considerations they will have to think about? Complete the table below which asks you to think about local and overseas sourcing and what might be an advantage and a disadvantage for each of the considerations.

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