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How has globalization become an important factor in purchasing and the supply chain?

Chinnab

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Posts: 672

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6 years ago

How has globalization become an important factor in purchasing and the supply chain?

How has globalization become an important factor in purchasing and the supply chain?

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abenhad

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#1

6 years ago

The growing trend toward global customers and products means globalization has also become an important factor in purchasing and the supply chain. Worldwide purchasing gives suppliers the incentive to consider foreign competition as well as domestic competition. Furthermore, large global organizations can reduce costs in purchasing, manufacturing, and distribution because they have access to cheaper labor and can sell products and services locally as well as internationally.

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