Basics of Global Sourcing
By http://www.dragonsourcing.com
What is Global Sourcing ?
A procurement strategy. In global sourcing business seeks to find the most cost efficient location for manufacturing a product. It is a massive challenge for most companies. Global sourcing is also a practice of sourcing from global market.
Basics of Global Sourcing
Vendor Selection. Product Development. Quality Assurance.
Vendor Selection
Choose vendor by pinpointing a region,country,industrial area that specializes in your product category. Find vendors that have the capability and capacity for producing what you need. Visit factories to look to look at production flow and equipment.
Product Development
Establish a product development process between your small business and the vendor. Supply the vendor with information about product requirements such as design drawings, components and specification.
Also send a prototype to reproduced or built with modifications.
Quality Assurance
Quality assurance program helps your company to get the right product. Begin quality checks by providing specifications to vendors. Cover issues such as product dimensions and performance characteristic.
Dragon Sourcing Johannesburg 140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South Africa Tel:+27 (83) 230-9342 Email: contact.south-africa@dragonsourcing.com