Arbeitspapier
Procurement: The Transaction Costs Perspective in a Globalising World
Fragmentation of production into more and more complex supply chains is a prominent feature of globalisation. It implies that transaction costs as part of total costs of ownership carry a large weight in procurement decisions. An analysis of the various types of transaction costs is also essential in the “make or buy” and location decisions in global sourcing. A distinction can be made between “hard” and “soft” transaction costs. Soft transaction costs are difficult to quantify but become more important in strategic business decisions now that formal trade barriers gradually disappear and transport costs are reduced. Business strategies to keep transaction costs low in the long run can also, to a considerable extent, explain socially responsible business conduct from the perspective of rational economic behaviour.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tinbergen Institute Discussion Paper ; No. 07-091/3
- Classification
-
Wirtschaft
Multinational Firms; International Business
Corporate Culture; Diversity; Social Responsibility
Business Economics
- Subject
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procurement
outsourcing
transaction costs
managing transactions
orchestrating the supply chain
Globalisierung
Beschaffung
Outsourcing
Transaktionskosten
Lieferkette
- Event
-
Geistige Schöpfung
- (who)
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den Butter, Frank A.G.
- Event
-
Veröffentlichung
- (who)
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Tinbergen Institute
- (where)
-
Amsterdam and Rotterdam
- (when)
-
2007
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- den Butter, Frank A.G.
- Tinbergen Institute
Time of origin
- 2007
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