Sourcing
Sourcing is the process of finding and acquiring goods suppliers and services for your company. It can be a challenging process, but with the right sourcing agent by your side, it can be a lot easier. Our team of sourcing agents has put together a host of articles to help you learn all about sourcing.
There are many different public holidays throughout Asia-Pacific countries. Each country has its own unique set of holidays, which can make planning a trip or doing business quite difficult. With lengthy factory closures and other impacts on manufacturing, it is important to remember these dates to avoid any problems with production capacity. Below is an […]
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IBAN stands for an International bank account number and is an internationally accepted number used to identify individual bank accounts worldwide. Banks use IBANs to process money bank transfers and ensure payment arrives in the correct location. Which countries Use IBANs? IBAN codes are used in numerous countries across Europe, the Middle East, and the […]
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If you’re a business owner who relies on Chinese suppliers, then you’re probably aware of the upcoming Chinese New Year factory shutdown. This event takes place every year and usually lasts around two weeks. During this time, factory closures will happen so that employees can spend time with their families. What does this mean for […]
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Strategic sourcing is a methodology of supply chain management that improves the way in which information is both gathered and used so that an organization can leverage the data to consolidate purchasing power and identify the best possible values within the market place and then align a purchasing strategy accordingly with business goals. This is […]
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What does a sourcing agent do? A sourcing agent is an individual or agency that represents a certain buyer in the sourcing of commodities and products that would otherwise be out of the buyer’s scope. Sourcing agents are typically required when it comes to international trade – particularly in new markets where the buyer has […]
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In today’s international market there is a large number of organizations that rely heavily on sourcing operations in order to reduce their overall production costs and up the quality and consistency of their end-products. Not only this, but it helps firms to lower the costs involved with production and their services, thus attracting even more […]
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When sourcing new suppliers, it can be a stressful and complicated process. However, if done right and with careful consideration, it can bring about great and positive changes for your business. In this article, we’re going to take a closer look at budget considerations when you are sourcing new suppliers, for your convenience. But first, […]
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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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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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