Tag: Procurement

Why You Should Stop Buying From China - Strategic Supply Chain Risk Management
Product Sourcing and Procurement

Do You Still Think It’s OK to Source All Your Products From China? You Can Think Again, Buddy!

The trade war between the United States (US) and China is as bad as ever. While the US and China play a chess game of levies, tariffs and currency devaluation, the question lingers: is your Chinese supply chain at risk?

The costs and risks to use Chinese products are rising, thanks to the trade war. The long-standing tradition of global product sourcing is shifting – many international businesses are moving their sourcing from countries other than China.

Benefits of sourcing away from China

While the trade war has created lots of risk for you and other businesses to partner with … Read More »

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Importance of Procurement Management
Product Sourcing and Procurement

The Ever-Growing Importance of Systematised Procurement Management In Your Business

There are many companies belonging to various industries that practice smart and intellectual procurement ways as they have become imperative in order to make sure of the efficient operations and an optimal bottom line.

It can be said merely that procurement usually deals with the activities and methods that are involved in gaining the goods and services that are needed from any external parties or corporations.

These goods and services may include many things that can range from the office supplies, furniture, and facilities all the way up to the heavy equipment, test, training, and as well as consulting services.… Read More »

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Product Sourcing and Procurement

The 4 Top Reasons You Should Outsource Your Product Sourcing Now

We’ve seen a certain boom over the last 10 years, sensible organisations of all sizes are admitting the need to outsource procurement.

So why would companies choose to outsource their procurement and their product sourcing?

The overarching reason we’d assume is that the organisation will achieve its overall strategic objectives better through outsourcing. The outsourced service will reduce costs and add direct value – “Bottom Line” benefits.

So how?

Let´s look at some of the main possibilities:

Expertise – Most companies don’t have the internal expertise or focus to source the best deal. Communicating around the globe can be daunting … Read More »

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