Creating a Practical and Profitable Sourcing Strategy

Creating a Practical and Profitable Sourcing Strategy

Presented By: Dragon Sourcing

Introduction It is extremely important for companies that have a rapidly-changing product portfolio to stay ahead of the game. This is usually done by evolving the plan for the sourcing services during the time the product design time and actively seeking out potential suppliers that can best meet the projected demand.

Managing Quality and Supply Consistency Risks It is vital that companies whose fortunes depend substantially on the success of their sourcing services have a very well-established system of supplier inspection and certification.

The process needs to take into account multiple parameters such as the vendor’s financial strength, manufacturing capacity, and QC systems.

The Ideal Supplier Profile The complexities of global sourcing services has elevated the status of suppliers from mere vendors to business partners.

This necessitates a sea change in the way their role is perceived within the company. It also necessitates an appreciation that supplier performance lies not only in costeffectiveness but also in driving innovation and maintaining high standards of manufacturing and associated support

Balancing Local and International Sourcing Products that need very short lead times are best manufactured at home, while lower costs can be pursued more effectively for products that do not see much change over a relatively longer period of time. It may also happen that even though certain products or accessories may actually be cheaper to manufacture in a certain country, the extra cost of logistics and inventory negate such gains.

Contact Us Dragon Sourcing Paris 9/11 rue Benoit Malon 92150 SURESNES, France Tel: +33 (0)1 46 10 36 70 Fax: +33 (0)1 46 10 41 14 Email: contact.europe@dragonsourcing.com Website: http://www.dragonsourcing.com/

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