Purchasing in the International Marketplace: Implications for Operations

Abstract

Internationalization of the marketplace, global competition, and changes in the business environment have contributed to the increase in international purchasing. U.S. firms, recognizing these trends, are entering the international arena in increasing numbers. Simply stated, domestic suppliers alone cannot meet all the competitive needs of a multinational corporation. As a result, international sourcing has emerged as a critical component of corporate strategy, aimed at reducing costs, raising product quality, increasing manufacturing flexibility, and improving designs. This article discusses the strategic importance of international purchasing, describes procedural and managerial issues of concern in international procurement, and delineates the significant differences between buying from foreign and domestic sources.

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