Globalization of the Procurement Process
Abstract
The progressive dismantling of trade barriers emphasizes the need for companies to compete effectively in open markets not only for business but also for supplies and suppliers. Puts forward a framework for global procurement management to conceptualize current practices and to act as a guide to practitioners. Draws on existing globalization literature and examines the extent of consonance between the marketing and procurement environments, concluding that, whilst the conceptual models may be transferable and “stages” of globalization of procurement may be identified, there is no proof of sequential progress; neither is the link between global marketing and global procurement necessarily two‐way in nature. Postulates modes of involvement in global procurement as a continuum, where positioning for an individual firm depends on situation‐specific trade‐offs between their preferred corporate strategies and the benefits to be gained from involvement in foreign supply markets over time.
Keywords
Citation
Rajagopal, S. and Bernard, K.N. (1993), "Globalization of the Procurement Process", Marketing Intelligence & Planning, Vol. 11 No. 7, pp. 44-56. https://doi.org/10.1108/02634509310051579
Publisher
:MCB UP Ltd
Copyright © 1993, MCB UP Limited