| Body: | | | | |
| | | | Suppliers online are hoping to break the |
| There is one thing that suppliers online must | | | | barriers small global sourcing and |
| learn, once they cross the Fortune1000, | | | | multinational purchasing firms, given the |
| potential multinational purchasing companies | | | | rising popularity of internet. Those not |
| aren't coming forth as they used to. Dealing | | | | particular about implementing the demands of |
| with this requires the suppliers online to | | | | multinational purchasing market are finding |
| create an environment which offers exactly | | | | it difficult to turning a profit, finding |
| what the global sourcing community needs. | | | | themselves running out of capital and are |
| Multinational purchasing or global sourcing | | | | eventually shutting their shops. What is |
| doesn't entirely differ from retail buying | | | | disheartening is, some online suppliers are |
| meaning that even if suppliers online are | | | | engaging in deceptive/misleading practices |
| good, these global sourcing companies like to | | | | with regard to marketing and use of |
| touch and experiment with before buying. | | | | technology despite the law demanding them to |
| | | | disclose information on their business, the |
| Suppliers online urgently need to address a | | | | goods or services offered and the transaction |
| few key issues if they want to break into big | | | | itself before they woo multinational |
| league as the conventional trading is. The | | | | purchasing firms. |
| issues essentially pertain to reliability, | | | | |
| security and dependability, not all | | | | Suppliers online must treat sensitive |
| multinational purchasing and global sourcing | | | | information provided by global sourcing and |
| firms are looking at cost cutting alone. No | | | | multinational purchasing firms with care. |
| doubt, most suppliers online comply with the | | | | Suppliers online must remember that the |
| law but the key for global sourcing managers | | | | present day global sourcing firms expect as |
| lie in identifying such suppliers online. | | | | much information about the suppliers as |
| Strangely enough, suppliers online are | | | | mandated by the law and this includes |
| resorting to giving away petty promotional | | | | |
| gifts which in a multinational purchasing | | | | 1. Location details , to ensure the global |
| context has the danger of being castigated as | | | | sourcing agents can reach them offline |
| shabby. Of late, some suppliers online have | | | | |
| grown in stature and are based in countries | | | | 2. Email and/or IM for online contacts |
| that have adapted WTO and multilateral trade | | | | |
| treaties. This comes as a reassurance that | | | | 3. A point of contact within the organization |
| the suppliers online are working at | | | | like customer care, helpline etc |
| overcoming the issues raised by the global | | | | |
| sourcing and multinational purchasing | | | | 4. A 1-800 helpline and preferably another |
| community. | | | | listed telephone number |
| | | | |
| -Suppliers Online and Complaints by the | | | | 5. |
| Multinational Purchasing Community | | | | |