Answer the following questions from the textbook in a Word document. Your answers should be about one to two paragraphs per question. You can find a grading rubric located in the Files section of the Course Menu.
1. Name and describe the steps in the supplier selection and evaluation process.
2. What are some of the challenges of implementing a global sourcing strategy?
3. Discuss some of the ethical issues that are associated with procurement.
4. Discuss four (out of eight) possible functions that might be performed by international freight forwarders.
5. What are some of the challenges associated with inventory management in cross-border trade?
Submit your assignment.
Identify the need for supply; it arises due to various consideration such as when an existing supply agreement is about to end or a new product is in development (Murphy, P. R., & Knemeyer, M., 2014). It is observed that supplier meets the consumer’s demand. However, under circumstances where a supplier discontinues offer services for a particular supply
