Why do Some Companies Do So Well in Sourcing?

1. What is strategic sourcing?

It is a series of planning, implementation, and control of strategic and operational sourcing decisions for the purpose of reducing the total cost of ownership of purchased materials and improving the competitiveness of the supply chain. Traditional sourcing focuses on "purchasing price", while strategic purchasing focusing on the"total cost of ownership". Traditional sourcing focuses on a single transaction with suppliers, while strategic procurement focuses more on how to integrate and coordinate global resources to enhance the overall competitiveness of its own supply chain.

2. What are the benefits of strategic sourcing?

1. Reduce the total cost of corporate procurement. The implementation of strategic procurement takes the explicit and hidden costs of the procurement process into consideration, effectively controlling the total cost of corporate procurement.

2. Improve the internal management level of the enterprise. Strategic procurement has changed the procurement work of enterprises from extensive to lean, greatly improving the management efficiency of sourcing business and enhancing the level of corporate management.

3. Improve market resilience. If a company wants to be invincible in today's changing market environment, it must have a strong market adaptability and be able to quickly adjust its corporate strategy in accordance with the continuous changes in the market environment.

3. Who can do strategic sourcing?

YIWU TOP EASE IMP.&EXP.CO.,LTD has a procurement team composed of more than 20 experienced China sourcing specialists. It has accumulated considerable factories and product resources in China, especially Yiwu sourcing, and has close contact with the majority of factories and suppliers, with mature experience in product production, product quality control, related certificates, import and export regulations and international transportation. We are your trustworthy Chinese sourcing experts.