international procurement

International procurement is the process of sourcing and purchasing goods or services from suppliers in different countries. It involves identifying global vendors, negotiating contracts, ensuring compliance with international laws and standards, managing logistics, and overseeing quality. The goal is to obtain the best value while minimizing risks such as delays, costs, or regulatory issues. This practice allows organizations to access a wider range of resources, leverage cost advantages, and innovate by working with diverse suppliers across the world.