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Library's collection Library's IT development CancelThe phenomenon of suppliers who do not deliver materials in the
quality, quantity and delivery time requested is a common phenomenon that has
been the heart of many problems in purchasing management. If the supply
problem continues, the company will find difficulties in carrying out its supply
chain management and simultaneously, fail in serving its market. This paper
emphasizes the global purchasing where the complexities of global purchasing
have leveraged supply risks and accordingly, require special attention from the
company. Basically, the continuous success in procuring globally lays on the
company?s ability in select the right suppliers, continued with managing its
relationship with its suppliers and unforgettably, leveraging its bargaining power.
To select the right global suppliers, the purchasing company initially has to decide
from what country it wants to source according to the assessment in the country
environment that afterwards followed by analysis on the company?s internal
environment in comparison to the purchasing company?s condition. Meanwhile,
Supplier Relationship Management becomes the backbone in managing global
suppliers, in which the SRM system characterized by the employment of
exclusive purchasing professionals, constant communication, and coordination
with the suppliers and meticulous evaluation system that aims to develop closer
relationship with suppliers. With the consortium buying method, the purchasing
company can expect to have stronger bargaining power in negotiating price as
well as the purchasing terms.