This involves taking advantage of differences in price of the same commodity in different markets. Traders may buy in one market and sell the identical product at a higher price in another market. ‘Labour market arbitraging’ involves sourcing labour intensive goods or services from markets with lower labour costs in order to secure cost advantages. See also Low Cost Country Sourcing.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
