Because of current global supply chain concerns, Lockden is reflecting on the sourcing decision he made several years ago. Due to a cheaper price for Chem-glue, Lockden opted for the global supplier. Now Lockden is considering changing to a local (domestic) supplier. The local supplier will allow Lockitt to maintain lower ending inventory of Chem-glue (to prevent obsolescence). Discuss the financial and nonfinancial implications of:

Global sourcing.

Holding inventory.