It is not a very easy task to run a corporation that operates internationally. Apart from attending to the administrative tasks in your office locally, you also have to take care of the overseas operation. The reason why you have a team is for this very purpose and it includes outsourcing tasks like global procurement services. Outsourcing tasks to global procurement services firms allow you to reduce your administrative tasks significantly.
You don't have to be concerned about sourcing suppliers internationally. If you hire a third-party company for this, they will be the one to do the task on your behalf. The same thing goes when you are assessing the credentials and capacities of manufacturers. They will be the one who will handle the on-site inspection for you thus you don't have to travel too much just to do this. They will also be able to handle the shipping schedules and arrangements for your company. By employing the help of global procurement professionals, you get to focus on more important issues for your company.
It would have been easier for you to work on the procurement process if you were operating locally. But since you do, it will be very challenging if you run your business internationally without taking advantage of global procurement services. If you take advantage of this benefit, you are able to focus on more important administrative tasks rather than trying to attend many things all at the same time. Remember, procurement is a vital component of your success but it is only a fraction of your responsibilities. By leaning on to other people, you are designated with less work, but you can expect reduced operational cost.
You may be paying a firm to do the global procurement services for your company, but the amount of money that you will be able save and the minimum effort that you are required to give greatly compensate for it. Instead of attending meetings and appointments to various countries, they are the ones to negotiate for you. They will make offers and counter offers to the suppliers for the good of your company (or else they are not the right fit for the job). These professionals will handle your supplies, will do the purchasing and many more that you so require. Getting people to work on the procurement services around the world can lead you to the right networks. Admit that it is not easy to build networks around the world. Let the others do this in the name of your corporation. They will not exist up until now if they do not have the right networks. In fact, companies that offer these types of services are successful because of their connections to the who's who in several industries.
My sources: http://www.wikinvest.com/stock/GlaxoSmithKline_(GSK)/David_Pulman http://ezinearticles.com/?Advantages-of-Global-Procurement-Servicesfor-Your-Company&id=6918913