Business deals in low cost countries are so competitive, that a manufacturer will often quote a price below their actual production cost just to attract buyers to an irresistible deal.
All too often, after a long and productive sourcing initiative, the team celebrates success when the new contract is finalized. The best efforts don’t end there.
I am honored to be asked to join the esteemed bloggers at Supply Chain Management Review. Each month, I will be blogging about China logistics and Chinese imports.
A simple and powerful best practice is to obtain stakeholder signoff regarding the sourcing strategy as well as the methodology for calculating results.
One of the important design choices in building a credible cost reduction tracking system is what should we measure our cost reductions against. There are some basic choices.
It’s the end of the year—the traditional time to take a look back and a look ahead. From both points of view, I have a great deal of optimism for supply chain management and the supply chain profession
Good programs are not “one size fits all.” Every company has multiple supply chains, multiple products and customers, each with their own individual needs and risk profiles.
Companies often are unaware of the fact that their products or technologies are controlled
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