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Essay On International Procurement

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1. INTRODUCTION TO REPORT:
The aim of this report is evaluate the concept of international procurement and flexibility in the process of logistics and supply chain and how has these two helped an organization to meet their full potential and how have they become successful through these.
According to the Council of Supply Chain Management professionals (CSCMP), supply chain management envelops the planning and management of all the activities and procurement and all the logistics activities. Essentially, it includes coordination and collaboration with the suppliers, intermediaries, third party service providers and customer. (CSCMP, 2011)
CSCMP has also defined logistics management as the part of supply chain management that organizes, implements, and controls the efficient, effective flow and storage of goods, services and related date or information between the starting point and the end point in order to meet the customers need/requirement. Logistics management is an incorporating function, which organizes and optimizes all logistics activities (procurement, operations and distribution), and also coordinates the logistics activities with other functions such as marketing, sales manufacturing, finance, and information technology. (CSCMP, 2011)
In other words, logistics is …show more content…

So what might the risks or disadvantage of having an international sourcing? Well, first and foremost, the main problems that applying international sourcing would be the financial and political risks associated with the emerging economies. Political instability, changes in the laws, taxes, etc. are one of the main risks of international sourcing. Difficulty in supervision is another risks, where unlike back in the home, companies cannot supervise or monitor every bit of their supplies, productions, etc. Culture and Language barriers might be troublesome for the businesses for sourcing of the products. (Riverfish,

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