Global Sourcing Factors

Global sourcing factors that must be understood and balanced can be segmented into six categories:
-Material costs
-Transportation costs
-Inventory carrying costs
-Cross-border taxes, tariffs, and duty costs
-Supply and operational performance
-Supply and operational risks


GLOBAL SOURCING:
ON THE RISE

There is no disputing that global sourcing is on the rise
Most companies report a 25% to 40% cost savings by sourcing from low-cost-country suppliers