Important Facts about Global Procurement By http://www.dragonsourcing.com
What is Global Procurement?
Global procurement is a procurement strategy in which a business seeks to find the most cost efficient location for manufacturing a product. It is also the process of acquiring goods, services and works from companies or organizations.
Principles
Best value for money. Effective competition. Fairness, integrity and transparency. Supplier Incumbency
Advantages
Clear and transparent competition. Repeatability of negotiations. Automation and process optimization. Optimization of buying time.
Risk Factor
Supplier quality Supplier delivery concerns Language issues Increased transportation and logistics cost
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