Low Cost Country Sourcing
The highly competitive nature of business today is forcing companies to consider low cost countries to provide goods and services. However, the prospect of looking offshore for suppliers is one that must be evaluated carefully to weigh obvious benefits against the total cost of sourcing offshore, as well as various regulatory and quality risks. For companies without staff located in low cost countries, executing a Low Cost Country Sourcing (LCCS) strategy can be a high stakes gamble.
Global eProcure's Solution
Often companies that are considering LCCS sourcing as a viable option are constrained by their limited knowledge of the local markets and limited supplier access. Global eProcure’s experienced LCCS sourcing and commodity experts comb through publicly available databases and analyze suppliers using detailed qualitative and quantitative criteria.
As a part of our LCCS offering, Global eProcure provides spend categorization and evaluation, industry benchmarking, supplier discovery and evaluation, supplier qualification, price negotiation and supplier performance assessment.
LCCS allows companies to achieve tremendous cost savings and develop new and improved sources of supply for basic commodities to highly complex products and services. We provide our clients with multi-lingual staff knowledgeable in the intricacies of Low Cost Country Sourcing into areas such as India, China, and Eastern Europe.
Benefits
Reduced risk by using experts well-versed in LCCS
Reduced cost of goods and services procured through low cost country suppliers
Increased access to new technologies and processes not employed by local suppliers
Expanded supplier base to reduce supplier risk in highly specialized categories
For more information, please email us at info@globaleprocure.com or request our services here
