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We can also consider a local procurement and not only an international suppliers. Thus we can help the country to improve and promote our own goods.
It will depend on the product or service required, whichever is more cost efficient, but we should also consider the product quality and other relevant supply requirements such as transport costs, etc. before the final decision - whether procure locally or internationally.
This Question will differ as per the location where the manufacturer is,
a) If the manufacturer is located in such a country where the raw materials which he requires can be locally acquired then he doesn't needs to look for an international supplier.
b) If the manufacturer is located in such a country where locally no one is able to procure or produce the raw materials, then he needs to look for international suppliers, as this will help him in planning his budget according to his requirement.
When considering a Procurement decision, you need to do a clear cost benefit analysis then you can suggest whether you want to go international or local
Procurement is always a comparitive study to choose the most appropriate supplier considering cost, time and correctness of the material. The decision of buy locally or from overseas depends on the quantity, time allowed for delivery and the total landed cost. This question is too generic to give exact answer.
Local procurement can be considered instead of international suppliers if it is cheaper, faster and reliable both in terms of delivery and quality.
Its totally depend opon the project requirement, if the product or service available locally and it sound good in term of commercia, delivery, quality etc. then go wth it.
Ideally the first option should always be local procurement as long as the goods required are available locally, meets the technical specifications, and meets the delivery deadline. As a best practice. international procurement should be considered for high value items to invite more suppliers. International procurement is also considered when the company has sister company or branch office in other countries where they have an existing long term agreement to save time going through the standard procurement process and/or if the company wants to standardized the goods.
it Depends from the Products Category and what level of quality you are looking for ,additionally you consider your location,your quantity and delivery time it is kind of perfect equation that you must know very well the parameters in order to reach to the main Five rights situation , so the Product specs,quality,quantity,price,location,and time will lead you to the choice of buying from local or international.
the Buyer can consider local purchasing in some cases and it will economical if the manufacturer for the needed item has an authorized distributor in your country so you can get a high quality item and reducing in total cost by saving shipping fee
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