International Purchasing and Global Sourcing ‐ What are the Differences?

Robert J. Trent · Robert M. Monczka

179 citations0/0 files storedJournal of Supply Chain Management

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Outsourcing and Supply Chain Management Quality and Supply Management Sustainable Supply Chain Management

Abstract

SUMMARY As organizations think about the best way to respond to competitive demands, the development of global strategies and approaches, including global sourcing strategies, will become an increasingly attractive option. Since most organizations do not have in place well‐developed global sourcing strategies, improvement opportunities are indeed attractive and largely unrealized. Realizing these opportunities requires a detailed understanding of global sourcing. Achieving this understanding demands replacing anecdotal perceptions and accounts of global sourcing with research‐based findings. These findings will help supply managers better understand what it takes to shift from basic international purchasing to integrated global sourcing strategies and approaches.

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References

1979Transaction-Cost Economics: The Governance of Contractual Relations 1998Purchasing and Supply Management: Trends and Changes Throughout the 1990s 1994International Supplier Selection:1991Global Sourcing: A Development Approach 1991Profit Centers, Single-Source Suppliers, and Transaction Costs

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