This is a form of vertical integration that involves a participant in a supply chain acquiring ownership of an upstream supplier. An example would be a steel mill that used to purchase iron ore from a supplier and then decided to acquire the iron ore supplier in order to secure access to the ore, in the hope of securing some competitive advantage. See also Integration, Vertical.
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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 procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
