by Chris Clayton | May 9, 2016 | Tricord International
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...
by Chris Clayton | Apr 9, 2016 | Tricord International
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...
by Chris Clayton | Apr 9, 2016 | Tricord International
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...
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 Chris Clayton | Mar 9, 2016 | Tricord International
Before you enter into a sourcing contract, you, together with the supplier, should consider what body of law shall be applied to the contractual agreement, i.e. the buyer’s country law, the supplier’s country law or the law applicable through a signed treaty between...
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...