Future of Sourcing

NOVEMBER 5, 2019

Another indicates that two in five American companies with manufacturing arms in China have either relocated or are planning to relocate their production to other offshore sites. When I started nearly 20 years ago, sourcing costs were much lower. Compare this to offshore options, which can take weeks. Controlling Overhead Costs.

Offshoring 52

Offshoring Manufacturing Reduced Overhead Sourcing 52

Premier BPO

JULY 11, 2023

When ways of working are changing and managing remote workers is not a core competency, business leaders can turn to options such as outsourcing to a co-sourcing partner. Outsourced onshore or offshore workers serve as an extended team, fitting in seamlessly with the new hybrid work environment.

Reduced Overhead 40

Reduced Overhead Offshoring Co-Sourcing BPO 40

Zinnov

OCTOBER 18, 2023

Unbundling ‘core vs support,’ companies looked at offshore locations to cut costs and reduce overheads. General Electric was one of the pioneers, adopting offshoring practices as early as 1982, where they set up manufacturing in Mexico. Apart from India and Poland which boast a combined talent pool of 3.5

Outsourcing 52

Outsourcing Offshoring Reduced Overhead Right-Sizing 52

Obobo

MARCH 23, 2023

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

Reduced Costs 52

Reduced Costs Inventory Management Automation Sourcing 52