One advantage of global procurement is that the firm can maximize its flexibility by allocating its orders among suppliers in a dynamic way and the firm has access to more suppliers that can generally provide lower costs than domestic suppliers.

Question

Quizplus · Accepted Answer

Global procurement allows a firm to choose from a wider pool of suppliers, which can create opportunities for cost savings and increase flexibility in how orders are allocated. Domestic suppliers may have limited capacity or may not be able to offer competitive pricing.

One Advantage of Global Procurement Is That the Firm Can