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Value of Globalization
Globalization
Question One:
Value of Globalization
Over the past two decades globalization has been the most consistent economic trend, not only has it primarily impacted the world we live in, but as a new concept it has changed supply chain management thus proving to be of value to procurement managers. And so, according to Cagno and Micheli (2011), procurement managers in the manufacturing argue that globalization is the high-octane fuel propelling procurement to new levels. Essentially, it’s important to acknowledge that globalization has transformed the procurements importance, scope and role in the manufacturing sector through creating a transformation platform that influenced the change of the sector from a bureaucratic order filing function to a significant business component. In reality, presently...