Introduction
Public sector procurement refers to the purchases of goods and services by governments and publicly owned firms. International trade agreements support secure access to goods in foreign environments. In this chapter, we will look at the public procurement environment and practices of international public procurement entities.
Learning Objectives
Upon successful completion of this chapter, you will be able to:
- Understand the link between increased globalization, greater competition, sourcing and outsourcing.
- Build an understanding of the developments in public procurement in the global environment.
- Explain public procurement standards and principles worldwide.
- Understand the procurement life cycle in Canada as well as international practices and laws of public procurement.
Public Procurement Playbook
Watch this video to learn more about global sourcing.
Source: Marketing Business Network. (2021, November 14). What is Global Sourcing? [Video]. YouTube. https://www.youtube.com/watch?v=9-J5-CwV5YA
