Develop a Global Vision!

Abstract

The American short-term goal of profitability encourages the option of either buying offshore or producing there to take advantage of lower labor costs. Some domestic companies have found themselves unable to compete in world markets. Companies have been caught in the squeeze of trying to stay competitive while satisfying customers who are themselves striving to meet the flood of foreign competition. The movement to buy product from lower cost international sources has upset some of the older supply channels. Global buying is perhaps the single most important development in purchasing today that helps keep the company competitively in operation.