Basics of Global Sourcing

Basics of Global Sourcing

By http://www.dragonsourcing.com

What is Global Sourcing ?

 A procurement strategy.  In global sourcing business seeks to find the most cost efficient location for manufacturing a product. It is a massive challenge for most companies. Global sourcing is also a practice of sourcing from global market.

Basics of Global Sourcing

 Vendor Selection. Product Development. Quality Assurance.

Vendor Selection

 Choose vendor by pinpointing a region,country,industrial area that specializes in your product category. Find vendors that have the capability and capacity for producing what you need. Visit factories to look to look at production flow and equipment.

Product Development

 Establish a product development process between your small business and the vendor.  Supply the vendor with information about product requirements such as design drawings, components and specification.

Also send a prototype to reproduced or built with modifications.

Quality Assurance

 Quality assurance program helps your company to get the right product. Begin quality checks by providing specifications to vendors. Cover issues such as product dimensions and performance characteristic.

Dragon Sourcing Johannesburg 140 High gate, Sunny Road, Lakefield, Benoni, 1500, Gauteng, South Africa Tel:+27 (83) 230-9342 Email: contact.south-africa@dragonsourcing.com