article thumbnail

Two Types of China Sourcing Agent You Need To Know

Sourcing Captain

When it comes to sourcing products from China, it’s important to understand the two types of China sourcing agents available in the market. Individual China Sourcing Agent VS China Sourcing Companies The first type of China sourcing agent is the individual sourcing agent.

Sourcing 130
article thumbnail

Global sourcing: Top factors to consider

Sourcing Captain

Today, a large number of organizations resort to global sourcing to reduce their manufacturing costs. However, the decision to globally source should be based on careful considerations. Global sourcing does bring cost advantages, but there are risks that must be evaluated as well. Sourcing agent fees. Costs of delays.

Sourcing 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. And from that group, 71% would pay a premium for it.

article thumbnail

Europe Embarks on a New Technology Regulation Wave

Everest Group

Governments are building frameworks for the regulation of emerging technologies to protect consumers and companies while promoting innovation and digital leadership. Europe’s latest moves for technology regulation are not in isolation. Implications of technology regulation for the European ecosystem.

article thumbnail

Europe Embarks on a New Technology Regulation Wave

Everest Group

Governments are building frameworks for the regulation of emerging technologies to protect consumers and companies while promoting innovation and digital leadership. Europe’s latest moves for technology regulation are not in isolation. Implications of technology regulation for the European ecosystem.

article thumbnail

Thoughts on Crowd Sourcing

SIG Speaks

SIG University Certified Sourcing Professional (CSP) program graduate Noah Wilson discusses how crowdsourcing could be the innovation that businesses need to succeed in a rapidly changing environnment. But the workforce has changed. The COVID pandemic made working from home the mainstream.

article thumbnail

NYC puts AI on notice: How a new HR regulation in NYC is impacting global processes

IBM Services

Organizations sourcing, screening, interviewing, hiring or promoting individuals in New York City are required to conduct yearly bias audits on automated employment decision-making tools as per New York City Local Law 144 , which was enacted in December 2021. and other states are also proposing algorithmic HR regulations.