Keiretsu is a Japanese word for a grouping of enterprises with interlocking commercial relationships and shareholdings. Keiretsu member companies have reciprocal share ownership and may also procure from each other to create reciprocal trading relationships. There is some debate about whether keiretsu are as prevalent as they once were, although notable keiretsu such as Sumitomo and Mitsubishi still trade successfully, but with less emphasis on a closed supply chain ecosystem. See also Chaebol.« Back to Glossary Index
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.