Which environmental factors should be considered when trying to identify the total cost of procuring goods in low-cost countries? What elements of risk are there in terms of sourcing and procuring goods from a Western source versus a low-cost country source such as Vietnam? What type of relationship would be most appropriate with a high-risk/high-value supplier versus a low-risk/low-value supplier? Does value for money versus price help make a more informed procurement decision? Attached

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