Let's Chat! 800-840-1766
Starting a business on the right footing requires performing much due diligence; failure to do so could result in the total failure of the business. Doing this due diligence requires an even higher standard if you are planning on outsourcing parts of your product abroad. This article lists the five most common mistakes that people make while outsourcing products from abroad.
Are you interesting in finding a company to help with manufacturing your product? Doing so requires choosing a good global sourcing partner to facilitate the expansion. As you begin to source internationally, here are some things you need to keep in mind when sourcing components globally.
If you manage a US-based manufacturing company, you most likely depend on sourcing parts from China manufacturing or India manufacturing vendors. Using global sourcing and procurement is a common way of doing business nowadays. But how do you make sure that you’re following the best practices with regard to product sourcing solutions? Hiring a professional sourcing company as your partner is a wise decision. But before you make that hire, you should ask a few questions to make the best choice in a partner. Doing so will help you find the best partner to handle a complicated task. Here’s what to consider.
The world of business has become a global marketplace nowadays. To be effective in today’s competitive landscape, businesses often have manufacturing partners across the globe. It’s an exciting time, but it can also be a challenging time for businesses just getting started in global sourcing of products. Truth be told, there are differences in dealing with an India factory as opposed to a domestic factory in the United States. That doesn’t mean any business should shy away from sourcing internationally, but it does mean that companies should be well-educated on the best strategies in sourcing from overseas. Here’s some sound advice for every business.
An optimized global supply chain is built on two main pillars: Clear communication and quality assurance. Without both of these traits functioning together, a supply chain can break down and be rendered ineffective.
Global Sourcing is a procurement strategy used by businesses wherein goods and services are sourced from the global market to obtain the highest levels of efficiency possible. The goal of Global Sourcing is to lower production costs while maintaining the exacting quality standards required for products and services. Another key consideration is to confirm that the value pricing, quality, and deliverability is sustainable for the long-term.