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.

1. Important Facts about Global Procurement
By http://www.dragonsourcing.com

2. 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.

3. Principles
 Best value for money.
 Effective competition.
 Fairness, integrity and
transparency.
 Supplier Incumbency

4.  Clear and transparent
competition.
 Repeatability of
negotiations.
 Automation and process
optimization.
 Optimization of buying time.
Advantages

5. Risk Factor
 Supplier quality
 Supplier delivery concerns
 Language issues
 Increased transportation and logistics
cost

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