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Home Articles Global Business. Linse ,. Quantity price applied. Add Copyright Permission. Copyright Permission Qty:. Current Stock:. Buying for your team? See quantity pricing. Product : SMR Pages: 7. To make buying decisions, the authors, managers must take into account all the cost elements.
In addition to the costs of traditional transactions, such as transport costs and tariffs, managers must recognize elements such as cultural and legal differences, government regulation, social preferences, environment, political stability and risks in conduct unethical.
The authors argue that knowledge of the risks and opportunities of different exposures is a critical management skill.
By: Frank A. The role of procurement within global companies has changed dramatically over the past 25 years from that of simply buying goods and services to…. Get access to this material, plus much more with a free Educator Account:. Already registered? Sign in. The role of procurement within global companies has changed dramatically over the past 25 years from that of simply buying goods and services to overseeing an integrated set of management functions.
This brings new challenges and opportunities to procurement.
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