Find a sourcing agent or have your own international purchasing office in China?
Facing with fierce global competition, Low Cost Country Sourcing (LCCS) , as one of the winning strategy, is put on manager’s desk for most western companies. Many companies source from China, while because of cultural, legal and language differences, how to make sourcing activity more effective and stable is still a big challenge. Target is very clear: Cost（TCO） down Real time action Reliable supplier relationship Risk Mitigation Protection of Intellectu a l Property Local knowledge/culture Quality management Transparency Continue improvement Which one should be better, to find a sourcing agent or to establish own international purchasing office? Let’s discuss it from several aspects below: 1. Evaluating and selecting the right supplier is an important responsibility IPO: the result of routine sourcing activities depend on employee’s skill and at...