Premium
Currency Exchange Rates: Their Impact on Global Sourcing
Author(s) -
Carter Joseph R.,
Vickery Shawnee K.
Publication year - 1989
Publication title -
journal of purchasing and materials management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 3.75
H-Index - 92
eISSN - 1745-493X
pISSN - 0094-8594
DOI - 10.1111/j.1745-493x.1989.tb00486.x
Subject(s) - purchasing , business , currency , exchange rate , affect (linguistics) , selection (genetic algorithm) , procurement , industrial organization , marketing , monetary economics , economics , finance , computer science , linguistics , philosophy , artificial intelligence
Exchange rate considerations are becoming an important facet of international sourcing. Not only can volatile exchange rates impact the supplier selection decision, they can also affect the volume‐timing of purchases once the supplier is selected. The analyses presented in this article are intended to familiarize purchasing managers with two macro level exchange rate management strategies and demonstrate the potential benefits of using these strategies in international purchasing.