Day: March 23, 2022

Advantages Better prices Higher world class quality Counter-trade Improved customer service Improved competition position Increased availability of suitable suppliers Disadvantages Currency difficulties is experienced- fluctuations Legal difficulties in case of a dispute Delays in delivery Time required for negotiation is Read More …

Currency difficulties is experienced- fluctuations Legal difficulties in case of a dispute Delays in delivery Time required for negotiation is greatly increased Too much documentation e.g. bills of lading, certificate of origin customs entry form etc. Import duties, procedures and Read More …

Support operational requirements of the organisation. This helps to identify organisation‘s requirements for buying products and services to help in the flow of supply chain at the right price from the right source, at the right specifications that meet the Read More …

Procurement is the process of acquiring foods and services from external sources. Goods, services and works supplied by external sources must meet the standard requirement outlined by the buyer. International procurement is a term used to describe the process of Read More …