Toward Effective Supplier Management: International Comparisons
Issue 3, 1990

The purchasing function is acquiring high priority in the eyes of senior management for a number of reasons. First, increasingly global strategies for marketing and manufacturing require equally global approaches to sourcing. The skills and knowledge required for effective worldwide sourcing are quite different from those typically found in a domestic purchasing organization. Furthermore, in a global company, purchasing plays a far greater role in gaining and maintaining competitive advantage, particularly in industries whose products evolve rapidly.