BUSI 613 Journal Review 1 Week 2 3
Journal Article Review 1- Week 2
Ferreira, J., & Prokopets, L. (2009). Does offshoring still make sense? Supply Chain Management Review, 13(1), 20-n/a., pp 1-5, Retrieved from http://search.proquest.com/docview/221135949?accountid=12085
In this paper I will summarize the article, discuss the purpose intended by the authors, and discuss how this situation relates to the supply chain management theory. I will also suggest areas in offshoring where research done since its publication will enhance the findings by the author and serve as additional options for improvement.
Article Summary Ferreiara & Prokopets describes how the same factors that made offshoring a “sure-fire” (p. 1) tactic have since eroded and have become less advantageous in terms of cost savings and customer satisfaction. Ferreiara & Prokopets also listed competitive and viable options available to onshore or near shore choices. They go on to further explain, with examples, the relocating (or consideration) of thousands of manufacturing firms from overseas locations to locations within the United States while tying in the fact that in addition to saving money, the ability to oversee equipment production and satisfy customers is also enhanced.
Supply Chain Management Theory
The single most important issue here is offshoring and whether it is still a good choice as it pertains to a company’s bottom line and the ability to supply its customers. Over the last several years, companies have been under pressure to produce the same product for the same number of people while the American economy has staggered and even fallen. Ferreiara & Prokopets write that offshoring has been a necessity, or top priority, for manufacturers over the last ten years. The ability to keep costs down started as an easy task but rising international costs in the same services that were once
Ferreira, J., & Prokopets, L. (2009). Does offshoring still make sense? Supply Chain Management Review, 13(1), 20-n/a., pp 1-5, Retrieved from http://search.proquest.com/docview/221135949?accountid=12085
In this paper I will summarize the article, discuss the purpose intended by the authors, and discuss how this situation relates to the supply chain management theory. I will also suggest areas in offshoring where research done since its publication will enhance the findings by the author and serve as additional options for improvement.
Article Summary Ferreiara & Prokopets describes how the same factors that made offshoring a “sure-fire” (p. 1) tactic have since eroded and have become less advantageous in terms of cost savings and customer satisfaction. Ferreiara & Prokopets also listed competitive and viable options available to onshore or near shore choices. They go on to further explain, with examples, the relocating (or consideration) of thousands of manufacturing firms from overseas locations to locations within the United States while tying in the fact that in addition to saving money, the ability to oversee equipment production and satisfy customers is also enhanced.
Supply Chain Management Theory
The single most important issue here is offshoring and whether it is still a good choice as it pertains to a company’s bottom line and the ability to supply its customers. Over the last several years, companies have been under pressure to produce the same product for the same number of people while the American economy has staggered and even fallen. Ferreiara & Prokopets write that offshoring has been a necessity, or top priority, for manufacturers over the last ten years. The ability to keep costs down started as an easy task but rising international costs in the same services that were once
References: Ferreira, J., & Prokopets, L. (2009). Does offshoring still make sense? Supply Chain Management Review, 13(1), 20-n/a. Retrieved from http://search.proquest.com/docview/221135949?accountid=12085 Larsen, D. (2013, Jul 25). Midwest reclaims jobs from overseas. Dayton Daily News Retrieved from http://search.proquest.com/docview/1412208989?accountid=12085 Ramey, Joanna. "Low Freight Rates To Aid Importers." WWD 5 July 2011: 5. Academic OneFile. Web, retrieved from: http://go.galegroup.com/ps/i.do?id=GALE%7CA261098054&v=2.1&u=vic_liberty&it=r&p=AONE&sw=w&asid=6dcbf25f3b1ac981862e3bd75716562b