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Visit http://www.dragonsourcing.com/ for more details on Global procurement and how it is beneficial for your business. This video tells about the basic facts, advantages and risk factors of global procurement.
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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
Clear and transparent competition.
Repeatability of negotiations.
Automation and process optimization.
Optimization of buying time.
Advantages
Risk Factor
Supplier quality
Supplier delivery concerns
Language issues
Increased transportation and logistics cost
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