Global Sourcing - The Strategic Initiative
Strategic Initiative
Sourcing Strategy
Asia
Offshore Risks
Sourcing Strategy
Most product manufacturers and marketers in the US and in Europe have created and implemented a strategic sourcing program as the backbone of the company’s approach to building a 21st Century supply chain. Such strategic sourcing programs typically yield 15 to 30% savings of the company’s expenditures to outside suppliers. Equally as important, strategic sourcing positions a company through the establishment of world-class supplier networks and processes to create maximum competitive advantage from the supply chain.
Sourcing Strategy
Asia
Offshore Risks
Sourcing Strategy
Most product manufacturers and marketers in the US and in Europe have created and implemented a strategic sourcing program as the backbone of the company’s approach to building a 21st Century supply chain. Such strategic sourcing programs typically yield 15 to 30% savings of the company’s expenditures to outside suppliers. Equally as important, strategic sourcing positions a company through the establishment of world-class supplier networks and processes to create maximum competitive advantage from the supply chain.
Generally Asia, (most often China) sourcing is a must for a strategic sourcing program due to significant cost savings that are realized. A world-class strategic sourcing program goes beyond cost-reduction. It encompasses significantly more than the best price for the good, parts, materials, assemblies and/or services. It is an improved supply chain delivering goods and services faster, better and cheaper.
