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.
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 […]
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 […]
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 […]
When it comes to starting a new business there are a million and one things that you need to think about. One such thing is finding all of the primary resources your business requires to operate; which is one of the first and most crucial steps of all. The manufacturer that you settle on – […]
In the world of sourcing, procurement, and logistics there is a multitude of different abbreviations and terminology being thrown about – so it’s no wonder why many people who are new to the industry end up feeling a little lost and overwhelmed. For example, what’s the difference between direct and indirect procurement? Is there an […]
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 […]
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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