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Abstract

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Introduction

INTRODUCTION



Often a purchaser tries to survey and search for the most satisfactory



source of procurement. Many are due to discovery that no competent and effective supplier could be found. However, due to this circumstance, a purchaser may resort to buying internationally after realizing that local could not meet organizational requirement, may be owing to the fact that local that the source is substandard or insufficient to size –up with production demand for such materials needed.



However, most countries depend, to some extent, on importing raw materials from overseas, buying from abroad is more difficult than buying locally from indigenous market because of difference in culture, language, currency e.t.c.



Despite all these problems purchase of raw-materials, capitals goods, etc, still depend on sourcing internationally to meet domestic needs. No single nations can claim to be self-sufficient and as such, the concept of comparative advantage makes it possible for nations without required or not enough raw materials and /or finished goods, to import such from other nations.