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During the past 10 years, changes have occurred within the supply chain that are quite possibly greater than any others seen during post-war time. As a result of these changes and pressures, the management of suppliers has become more important to ensuring that the supply base is both efficient and effective. The single largest change impacting the management of suppliers has been engendered by the global economy’s development of suppliers in low-cost regions (LCRs) such as China, India and Mexico. Suppliers in these regions are flocked to because of the labor cost advantages they can provide; however, LCR suppliers can come with some unanticipated risks.
