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Basic concepts, importance and implementation steps of international procurement

International procurement refers to the products or services required by enterprises or organizations to purchase from abroad.As globalization develops and international trade continues to expand, more and more enterprises begin to look forCross-border procurementOpportunities to gain more profits and improve product quality.This article will introduce the basic concepts of international procurement, the importance and steps to implement international procurement.

International procurement refers to the products or services required by enterprises or organizations to purchase from abroad, including raw materials, semi-finished products, finished products, technologies, patents, etc. International procurement is a way for enterprises or organizations to trade with foreign suppliers. In international procurement, enterprises or organizations need to enter into procurement contracts with foreign suppliers to determine product quality, price, delivery time, payment method, etc. in order to ensure that the products or services purchased meet the requirements.

Importance of International Procurement

International procurement is important for the development of enterprises or organizations, mainly expressed in the following aspects:

International procurement can help enterprises or organizations to enter the international market, expand the scope of business, increase product sales and market share.

Reducing costs: International procurement can reduce the cost of procurement by selecting better-priced suppliers and increase the profitability of enterprises or organizations.

Improve product quality: International procurement can improve product quality by selecting better quality suppliers, increase customer trust and loyalty.

International procurement can improve the production efficiency and quality of products through the introduction of advanced technologies and equipment abroad, and promote the technological progress and innovation of enterprises or organizations.

In cross-border procurement, how much does exchange rate fluctuations affect the business?
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