Go Global on Procurement with Sourcing Services By http://www.dragonsourcing.com/
Introduction:
Doing business has become tougher than ever before because of increased number of participants. Any business which was mainly restricted within an economy earlier has grown beyond national boundaries. Manufacturers and marketers now look beyond their national boundaries for more business. Another crucial aspect demanding attention is costing of factor inputs. In a global perspective costing is always a key determinant in keeping end-user price within reasonable limits. The most viable way of cutting costs in through economization of resources, which is facilitated by sourcing services. Sourcing services include exploration and procurement of raw materials, technology, and skilled human resource.
Sourcing Service – Emerging Industry
Sourcing services have grown in prominence mostly because of increased competition that has reached global levels. Globalisation has opened up opportunities for both producers and consumers. If globalization on one hand has opened up opportunities for buyers and sellers, it also has heightened the competition among industrial enterprises and business houses. In this situation of heightened competition, cost plays a pivotal role even to the extent of a market determinant.Sourcing services have a significant contribution in this costing process.
Sourcing raw materials
Raw materials form the basic requirement for any industrial setup. These could be agricultural items, industrial commodities, animal products, or mineral resources. These different product categories could be further subdivided into several classes for the convenience of procurers and service providers. For example, agricultural items could be in their raw or semi processed state; they could be forest produce such as timber or cash crops such as cotton or jute. For any industrial establishment or manufacturer it is essential to identify sources of raw materials that are not only superior in quality but also affordable. This specialized task is best done by sourcing companies.
More on Raw Materials
Raw materials need not necessarily be in their original state as a farm produce or metal ore. There are several intermediary industrial products that serve as raw ingredients for a manufacturing plant. For instance cast iron is a raw material for foundries and iron sheets for fabricators. Both cast iron and iron sheets are industrial items manufactured in iron and steel plants. There are several such intermediary goods that are used as raw materials in manufacturing industries.
Sourcing qualified manpower
Human resource is a primary production factor for agricultural, industrial and commercial setups. Of all factors of production this is supposedly the most flexible and adaptable. Human beings are able to adjust to varied surroundings and places. They could perform under extreme environmental conditions and of course under amiable surroundings. Sourcing services for trained manpower operate on a global basis assisting commercial units in appropriate recruitments.
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