Global Sourcing Mistakes
By http://www.dragonsourcing.com
What is Global Sourcing ?
Global sourcing is very important in the modern
trade and commerce.
It helps to cut the operational cost of the business. It is a practice that involves sourcing goods and products from low cost country.
Low cost material and skilled labor are the most important factors of global sourcing. China is one of the active participants of this sourcing strategy.
Mistakes in Global Sourcing
Procuring raw materials and finished products from the developing economies is always a good idea as there is enough chance of incurring huge profits by selling these products. A professional sourcing consultant can be of huge help in this regard. Some mistakes are often incurred in global sourcing. The mistakes are…. Don’t Give More focus on Price
No background check No Idea about the cost
Don’t Give More focus on Price
Don’t source the product simple based on
the price factor. Give more focus on value, than price. Quality is the main factor on a product. This factor cannot be ignored.
No background check
Don’t choose the supplier
by simply seeing the
website. Websites are cheap and easy to create. Also the information on the website may not be true.
Always verify the business background.
No Idea about the cost
Always have clear idea about the shipping and
operational cost. It may be very risky understanding this cost.
to
source
without
These two costs are most important in sourcing.
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