by Bobby Monger | Sep 9, 2016 | Tricord International
Whether you’re a part of the manufacturing or services industry, you can boost your bottom line by understanding the ways of accurately calculating total landed cost. The total landed cost or total cost of landed shipment is the sum of all costs associated with...
by Bobby Monger | Jul 9, 2016 | Tricord International
Sourcing departments in most client-provider partnerships maintain working relationships with suppliers that are generally overly formal. Unfortunately, such formality can hamper the trust and good communication required to bring about longer term value to both the...
by Bobby Monger | May 19, 2016 | Tricord International
It is quite interesting that many managers are ready to opt for speculated cost savings but are never willing to accept speculated earnings. Today, companies adopt different measures to save cost. This includes measures such as inventory reduction, full truckload,...
by Bobby Monger | Mar 9, 2016 | Tricord International
As a result of the ever-increasing competition, many businesses today are sourcing and procuring from suppliers in low cost countries. Businesses can gain a lot from low cost country sourcing. This includes reduced manufacturing cost, reduced material/overhead cost,...
by Bobby Monger | Mar 9, 2016 | Tricord International
Outsourcing production abroad often makes sense but this process comes with its fair share of challenges. Having to adapt to a different legislation, communicating in a foreign language and even finding yourself in different time zones than your supplier can become...