Monthly archives: June, 2021

What are the Benefits of Sourcing
From Low-Cost Countries

What are the Benefits of Sourcing From Low-Cost Countries? Sourcing is one of the most critical aspects that determine the success or failure of an organization. The company would outsource the materials, finished products, & services to another country to usually save cost by 20-25% of their current spend What do you understand about low-cost …

Managing Low Cost Country Sourcing

Low Cost Country Sourcing (LCCS) is a procurement strategy in which any company or brand can source various required materials from other countries with a lower production and labor cost. It ensures ease in cutting down on operating expenses. High competition, globalization and unpredictable costs of raw materials have caused a significant growth of low …