Tricord BlogKeep up to date with our most recent news or suggestions.
One way of improving your profitability is controlling your inventory. The different profits levels of your income statement are affected by the way you source and manage inventory. You cannot achieve maximum operational efficiency if you ignore the ways of using...read more
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...read more
Many American and European economists argue that currency manipulation is an issue that the world economic policy needs to address. The process of countries keeping their exchange rates weak and the dollar strong by selling their own currencies in the foreign exchange...read more
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...read more
Often businesses fail to acknowledge the ‘real’ influence suppliers have on their quality performance. Today, many businesses are sourcing from geographically distant places as a result of globalization and an increased demand for purchased goods. A common sight is...read more
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,...read more
Global Sourcing Advantages at Your Fingertips For the Competitive Edge in Manufacture and Distribution
For all competitive purchasing managers and salespeople, a reliable, low-cost source of parts and manufactured components is necessary to stay competitive in today's business world. Nothing can sink a multi-million dollar sale more quickly than defective parts or a...read more
Today, global business strategies are growing in popularity as businesses look for new and innovative ways of lowering costs and gaining competitive advantage. One such global business strategy is global sourcing which involves sourcing goods and services from...read more
An effective way for businesses to reduce costs is global sourcing. However, to reduce costs through global sourcing, it is important for businesses to consider all costs related to it. There are many costs that businesses do not consider before entering into a global...read more
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,...read more
We look forward to providing solutions for your sourcing needs.