find procurement strategy, system, process and supplier

selection criteria $-$ In the early $2000$s$,$ the market has started to change rapidly. First, major customers such as Hewlett Packard, Dell, Ford, GM and Black and Decker started building new factories in developing countries. These were being established both to exploit the benefits of lower wages and overheads and as market$-$entry points for these rapidly developing economies. In most cases, however, large proportions of their output would serve existing markets throughout the world. Because Globalcast was one of the most important suppliers $($only about five

competitors had worldwide coverage$),$ it was often encouraged by its customers to established supply factories in the same regions, ideally on adjacent sites. Customers explained that business was, in part, being transferred to their new sites, and since Globalcast had been selected as a preferred supplier, it had the opportunity to benefit from on$-$going business development and growth. Attractive forecasts were provided, but not guaranteed. $$Partnership$$nwould be established where Globalcast had the benefit of sole$-$supplier status to the customer$$s local plant.