Skillful Global Sourcing

Global sourcing seems to be on the agenda of almost every manufacturing enterprise. The benefits seem obvious - at least at at first - lower labor costs and lower overall total costs. Global sourcing is however very, very different from the traditional arms-length purchase order transactions. As we have seen in the news recently, there are some serious pitfalls if global sourcing is not managed properly - quality and safety are implied from domestic suppliers, but can be subject to misinterpretation if not specifically addressed and managed with overseas suppliers. Sourcing complex product components instead of commodities takes much more time and careful planning.

There are a number of principles to keep in mind whilst pursuing a global sourcing effort:

- Define the company's operational strategy in order to guide global sourcing activities.
- Communicate and align operational strategy with the goals of the organization - focus relentlessly on execution.
-Use the right processes, resources, and tools - and just as importantly - integrate your techniques with your suppliers.
- Establish supply chain performance metrics to help measure and motivate everyone involved.
- Hire, train, develop, and reward the best workers, and make sure supply chain managers have a seat at the executive table.

Synchronous experts have proficiency and experience in all of the total supply chain work processes. Send us an information request to Sales@SynchronousLLC.com or review our complete portfolio of services at our web site www.SynchronousLLC.com
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