Creating a Practical and Profitable Sourcing Strategy

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Creating a Practical and Profitable Sourcing
Strategy
Presented By Dragon Sourcing
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Introduction
It is extremely important for companies that have
a rapidly-changing product portfolio to stay
ahead of the game. This is usually done by
evolving the plan for the sourcing services
during the time the product design time and
actively seeking out potential suppliers that can
best meet the projected demand.
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Managing Quality and Supply Consistency Risks
It is vital that companies whose fortunes depend
substantially on the success of their sourcing
services have a very well-established system of
supplier inspection and certification. The
process needs to take into account multiple
parameters such as the vendors financial
strength, manufacturing capacity, and QC systems.
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The Ideal Supplier Profile
The complexities of global sourcing services has
elevated the status of suppliers from mere
vendors to business partners. This necessitates a
sea change in the way their role is perceived
within the company. It also necessitates an
appreciation that supplier performance lies not
only in cost-effectiveness but also in driving
innovation and maintaining high standards of
manufacturing and associated support
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Balancing Local and International Sourcing
Products that need very short lead times are best
manufactured at home, while lower costs can be
pursued more effectively for products that do not
see much change over a relatively longer period
of time. It may also happen that even though
certain products or accessories may actually be
cheaper to manufacture in a certain country, the
extra cost of logistics and inventory negate such
gains.
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Contact Us
Dragon Sourcing Paris 9/11 rue Benoit Malon 92150
SURESNES, France Tel [phone] Fax
33 (0)1 46 10 41 14 Email contact.europe_at_dragons
ourcing.com Website http//www.dragonsourcing.com
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Thank You