Business
Welcome to the UCT (Asia) Business blog category. Our team of sourcing and procurement agents for Promotional Products have written a series of articles to help business owners and entrepreneurs learn about the various aspects of doing business. We hope you find these articles helpful and informative.
What is corporate sourcing? In the world of sourcing, procurement, and supply chain management, there are many different terms thrown around and so it can be quite difficult to navigate – particularly for those who are completely new to the industry. In this article, we’re going to focus specifically on corporate sourcing, what it involves, […]
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If you have been thinking about a career change and you’re looking for a new challenge, then a procurement specialist could just be the perfect opportunity. But, what does a procurement specialist do, and what are the key skills that every procurement specialist should have? In this article, you’ll learn everything you need to know […]
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As a business owner in the retail sector, one of the most crucial aspects of running your operations is sourcing the right products. But did you know that you can source products from overseas? And that in many cases you can actually save an awful lot of money? In this article, we’re going to look […]
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A common misconception that many business owners are now realising is that “low wage” doesn’t necessarily result in “low skill”. As such, there are many people who are leveraging partnerships with overseas manufacturers and suppliers like China. This resulted in an attractive blend of lower costs, high-quality capabilities, investor-friendly policies, and a larger market. That […]
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Maintaining solid supplier relationships is crucial to your business’s continued success. In this article, we’re going to go into more depth regarding supplier relationship management, and how hiring a sourcing agent to assist you with these requirements can be of great benefit to your business. Here’s everything you need to know… What is supplier relationship […]
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As you begin to grow and expand your business, discovering new and innovative ways to cut costs and improve the quality of your organization’s processes becomes an essentiality. If you are to grow beyond a certain point and begin out-performing many of your competitors, it may be worth looking beyond sourcing domestically and venturing further […]
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Before we get stuck into the best steps for improving your strategic sourcing process, first let’s begin with a quick introduction and breakdown of strategic sourcing itself. So, what is it? Strategic sourcing is, in a nutshell, a process that impacts all facets of a business. This involves internal collaboration with suppliers, as well as […]
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On the surface, it is quite easy to mistake sourcing and procurement as being synonyms for securing supplies for an organization. However, they are not. Yes, they are both related and certainly play pivotal roles within the supply chain, but they are quite different, and it is important that you understand those distinctions. In this […]
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Are you hoping to try and make your brand stand out a bit more? Are you incredibly proud of your brand and products/services, but worry that you aren’t getting quite as much recognition as it deserves? If so, then we may have just the solution for you: using premium branded merchandise to boost your brand […]
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Today, April 22 2020, we mark the celebrations of Earth Day across the globe. This year, it is the 50th anniversary of the Earth Day celebrations. While the planet is on Lock Down, our planet is healing. On Earth Day, let’s plan to restart The Right Way. Let’s help our planet stay healthy when we get through this, […]
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