Global sourcing is one of the most discussed aspects of supply chain management. Previous research in the field of purchasing focused on the strategic aspects of “going international”. In this paper, we want to concentrate on structural aspects of global sourcing, especially the degree of centralization of the global sourcing organization. Therefore, we use a combined theoretical and empirical methodology (case studies). This leads to three ideal organizational types for global sourcing which are described in detail.
Various decisions are being made by different kinds of companies based mainly on unit cost. But, with the help of a global explosion of technology, well-educated workers, and capital has become possible to literally have the entire world competing for the opportunity in order to sell to your business.
For most big corporations, global sourcing is not a matter of choice, but of necessity. The days of simply finding the best contract you can with suppliers with whom you frequently interact are gone. Now, you can partner with suppliers from across the globe.
Various big corporations choose global sourcing on the basis of necessity, not as a choice. The days of simply finding the best contract you can with suppliers with whom you frequently interact are gone. Now, you can partner with suppliers from across the globe.
According to Mawson Global in regard to global sourcing – we’ve been helping companies with it for more than a decade. However, we recognize that you might still need a little convincing. So let’s focus at the five advantages of global sourcing that can’t is afforded to ignore.
A depletion of cost, especially the labor cost. Most Mawson Global clients save at least $100,000 on their first project, and their savings are typically 40 to 70 percent of domestic prices. In 2012, we saved our clients more than $19 million.
Having an authority of fresh research, design, and specialized intellectual capital.
There should be the availability of new technology and capacity because a number of companies could be seen overseeing because of the suppliers as they lack the capacity and are not putting efforts for making the necessary investments in order to stay competitive.
Superior quality is another advantage that should be taken into consideration. Products of superior quality are being praised by various companies as compared to domestic products mainly because of supplier investment in technology and capacity to attract global business.
The core processes of the companies could be focused by the companies and they can have more capital in order to invest them. Whatever product you’re seeking, Mawson Global can find you a reliable, more cost-effective overseas supplier. We have professional teams on the ground in Asia that help businesses around the world safely minimize any risks involved in global purchasing.
According to Mawson Global, we can assess your potential cost-savings without disrupting your supply chain. We are not broker-agents; our services are fee-based, and we work without taking a commission. Our research and advice are completely independent and unbiased.
You can have all the information, feedback, and recommendations by a simple process of utilizing our services for your global sourcing company needs. And this will help you to successfully source your company’s products.
Is Mawson global sourcing right for your company or not? Want to know? Well, Take our 10-product challenge. We’ll ask you to name five to 10 products that you now buy from an importer, and then we’ll work to find those items from a cheaper global supplier and product development support.