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Global sourcing products requires careful consideration, it’s a tough decision for any organization. You must determine whether it’s best to gain cost advantages at the expense of some control of ...
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Companies across the world strive to offer quality products and services to their clients and at the same time, earn considerable amount of profits. International purchasing is a unique procuremen...
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The world of business has become a global marketplace nowadays. To be effective in today’s competitive landscape, businesses often have factory partners across the globe. It’s an exciting time, bu...
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Global sourcing is a trend for many businesses, this is basically a practice of getting services across geopolitical boundaries. But, since there are so many options to choose from, you have ...
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During my sourcing work life, I've seen so many importer make mistakes when they do global sourcing, briefly as shown in the following: Mistake 1 – No Defined Strategy No matter where y...
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Global sourcing is not as difficult as you may think, especially when you have the right partner. The process is fairly straightforward, but if you have never worked with a partner in China or had...
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Cost down your product sourcing in China is half success of your importing business. As a first-time importer, you need to test your market first with smallest capital at beginning, and ...
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As you may know, global sourcing can offer enormous financial benefits to your supply chain. But, as you’d expect, typical savings of between 40% and 70% don’t come with a snap of the fingers. ...
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The primary goal of companies when employing global sourcing strategies is to reduce cost. Sourcing companies will take charge of identifying and screening of suppliers, management of supplie...
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