PurchTips - Edition # 120
A Global Sourcing Strategy: What's Different?
By Charles Dominick, SPSM, SPSM2, SPSM3
What Should A Global Sourcing Strategy Address?
Costs A global sourcing strategy is often used to benefit from lower labor costs abroad. But there are also other additional costs for a buying organization to bear that aren't part of domestic transactions. They include multi-modal freight charges, broker fees, bank fees, taxes called duties, and insurance to name a few.
Spotlight On Professional Development Opportunities
Global sourcing may be one of the most complex activities you'll encounter as a purchasing professional. Despite its challenges, purchasing professionals do succeed at global sourcing when they know all of the detailed tactics involved. Our new online course "Executing A Global Sourcing Strategy" will teach you how to take global sourcing from a concept to a successful reality!
Learn more about "Executing A Global Sourcing Strategy" at:
The Latest Purchasing News
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Together, these materials will help you decide how well the SPSM® Certification can help you achieve your career goals.
So, what are you waiting for? Begin your pursuit of a more rewarding procurement career get your Procurement Training & Certification Starter Kit now by signing up for a free NLPA Basic Membership!
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