What’s the difference between global procurement and international procurement?

What’s the difference between global procurement and international procurement?

QUESTION:

What's the difference between global procurement and international procurement?

EXPERT ANSWERS:

John Hill,  Director
St. Onge Company

1."Global" is a word that is used to refer to issues and concerns of the entire world while "international" is a term that is used to refer to issues and concerns of two or more countries.
2."International" has a smaller scope encompassing only two or more countries while "global" has a much larger scope which includes the whole world.
3.Although they are sometimes used interchangeably, "global" means "all-encompassing and worldwide" while "international" means "foreign or multinational."
4.Global companies have offices and branches as well as investments in other countries while international companies export their products and import the products of the country with which they have international trade relations but hold no investments in each other's economies."

Russ Meller, Vice President
Research & Development

Fortna

In the consulting world, an international consulting company will usually have separate international groups that, by and large, function autonomously, whereas a global company will share resources and staff projects from all regions, or in other words, be more holistic.


Join the Conversation
Share your insights and opinions on the questions and the Experts answer(s).

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish