Advantages and Disadvantages of Global Sourcing in the Context of the High Speed Rail (HSR) Project

Advantages of Global Sourcing in HSR Project

uestion 1Total word count should preferably  for this question (excluding figures, tables, and references if any). Always use your own words. Content uplifted from course materials and external sources will not be marked.(a)Discuss the advantages and disadvantages of global sourcing in the context of the High Speed Rail (HSR) project via an open international tender. Use the information provided in these articles, and what we have covered in class to support your arguments.From Article 1, “The global Covid-19 pandemic, which has battered economies .... has made the original conditions of the bilateral agreement for the Kuala Lumpur-Singapore High Speed Rail (HSR) project no longer competitive for Malaysia ..... had forced the government to find ways to reduce the cost for several mega projects”.(b)Examine the various approaches to (i) cost management and (ii) price management in purchasing, which may be relevant for strategic costs management of this HSR mega project.From Article 2, “Whether we are open to future discussions – of course, we are. But it should be on a clean slate after we settle the current HSR bilateral agreement”.(c)What would your GBA group recommend, to salvage this game changing international infrastructure project, after settlement of the existing bilateral agreement’s obligations?