Key advantages of global procurement include: _______________, ________________; key disadvantages of global procurement include: ________________, _______________, and _________________. Transportation concerns, intellectual property protections; lower costs, diversification, and increased cultural differences Higher cost, diversification of supply base; intellectual property protections, use of expatriates, and transportation concerns. Lower cost, diversification of supply base; transportation concerns, intellectual property protection, and potential high investments. Lower costs, less management control required; intellectual property protections, transportation concerns, and use of expatriates Diversification of supply base, higher cost; potential low investments, transportation concerns, and use of expatriates