Global sourcing Factors

Global Sourcing Factors

By http://www.dragonsourcing.com

What is Global Sourcing ?

 Global sourcing is important organization.

for business

 Here the professional consultant guide the business to get more profits.

 The procurement of goods from different countries is known as sourcing.  Business organization always opt for global sourcing .

 It is quite obvious to face problems in procurement process. Therefore is required to take the help of procurement company.

Global Sourcing Factors

Global sourcing is a strategy for business procurement in order to establish a location which has lower cost for a manufactured product. For successful global sourcing some factors are need to be followed .  Low Labor Costs.  Language .  Law Respect

Low Labor Costs

 Sourcing must always be made to the countries where the cost of the labor is very low.  Experience of the labor must always be considered.

 More experienced the labor, good quality of work can be expected.  Also high experience labor, can take the challenge of making any kind of product.

Language

 Source to the country where you can understand the language.  Language is highly important to conduct trade.  With the help of the language one expresses one’s business ideas.

 It is not permissible to do business in the country where the language is not understandable.

Law Respect

 Source to a country where you can respect and abide by the laws.  Go to a country where legal protection is available.  Laws are clear.  One such law respect country is Vietnam

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