Integration

Across virtually all industries and geographic regions, manufacturers share one common goal: to increase profitability by decreasing costs. A growing number of manufacturers, both in the United States and around the world, have embraced global sourcing as a fast-track method for achieving that goal. However, when it comes to the effectiveness of most companies' global sourcing initiatives, there is plenty of room for improvement, finds a new study from Professor Robert Monczka of CAPS Research, a nonprofit supply chain research organization jointly sponsored by the Institute for Supply Management and the W. P. Carey School of Business.