The most important challenge to consider when sourcing globally is:
The most important challenge to consider when sourcing globally is:
D. balancing the difference between piece price and total cost. Explanation: When sourcing globally, the most critical challenge is understanding and managing the total cost of sourcing, not just the piece price (the cost per unit of the product). The total cost includes additional factors such as transportation, tariffs, customs duties, inventory holding costs, lead times, quality control, and potential risks like supply chain disruptions. Focusing solely on the piece price can lead to unexpected expenses and inefficiencies, making it essential to balance the piece price with the total cost.