Would your business benefit from global contract manufacturing? Outsourcing production to low labor cost countries such as China, India, or Taiwan could save your business plenty of money, but it can also pose many, many challenges. We've outlined below the pros and cons of outsourcing so you can decide if it makes sense for your business.
Cash is king! Now more than ever sourcing leaders are being tasked with doing everything possible to increase their company's working capital. One way to ensure this happens is through the use of a global sourcing integrators. Below are four ways that the right integrator can ensure an increase in working capital to its customers.
So you have a business with a great product, but you're looking for cheaper methods of manufacturing. Commodity managers, materials managers, and sourcing engineers have big decisions to make in regard to finding the right suppliers for their production parts at the best total cost.
Should you look for your own manufacturers in Asia or a low-cost country (LCC) outside of Asia? Or should you use a sourcing integrator that already has an established global manufacturing base? Below are four reasons why it makes sense to outsource your components through an integrator: