Low Cost Country Sourcing INDIA & VIETNAM
Low cost country sourcing is mainly done from India & Vietnam Low cost country sourcing can bring savings of 20-25% of your current spend We as Low cost country sourcing experts can bring you savings for various commodities like rubber, fasteners, castings,forgings,MRO,Sheetmetal and other categories Our experts team do the detailed Market research reports provider on the drawings/RFQ package provided by you and come out with innovative strategic sourcing approach to bring savings for you Low cost country sourcing can help you in entering new geographies like India and Vietnam where labor rate is very cheap as compared to countries like USA, Europe and China Also India and Vietnam now emerged as strong destination for Low cost country sourcing India has his own specialties of commodities and Vietnam has its own specialties of commodities
With a team of experience sourcing experts, we use the following steps-
- A) Supplier identification process
- B) NDA Signing process
- C) RFQ template designing process
- D) Should do costing process (Zero based costing)
- E) Getting quotes from suppliers
- F) Rounds of negotiations
- G) Quote comparisons
- H) Final recommendation of L1,L2,L3 suppliers
With this above designed steps, we will be able to achieve right set of target cost and savings for our reputed clients We use our own strong databases, refer Auto trade shows guides, Internet research and several other resources to tap right set of supplier audit in india for the client We are one stop solution for our clients sourcing needs and to achieve their savings target with best quality of products/commodities Infact,Government of India and Vietnam policies are very favorable for doing business with India and Vietnam Suppliers Low cost country sourcing will add value and open new geographies for you The suppliers from both the countries are having a proactive and systematic approach and understand your sourcing needs and can offer you best prices We conclude here that we are one of best low cost country sourcing experts and management consulting in India
- Enter New Market
- Cost Reduction
Sourced categories are designed to be manufactured in high income countries
- Achieve Desired Quality
- Realized Cost Saving Potential
- Product Piracy
- Supply Bottlenecks
- Increased Risks
- More Challenges
Design for low cost country sourcing
- Use of comparative advantages
- Developing of low cost country manufacturing process
LCC India
About India
Location: Located in southern Asia, India is the seventh largest country in the world.
Capital: New Delhi
Official Language: Hindi and English
Currency: Rupees
GDP: 2.61 Trillion USD (2017)
Major Exported Categories
- Aluminium Articles
- Leather Saddlery and Harness
- Engineering Goods
- Ceramic Products
- Plastic and Rubber
- Natural Pearls (Gems and Jewellery)
Key Points
- 65% of the population is 35 years or younger
- Data and intellectual property security and privacy laws relating to intellectual property and patents are strong and improving. IP theft is less of a concern in India.
- RM Cost-India is one of the cheapest source for iron ore, aluminium and other non ferrous raw materials.
- Widely used English language.
LCC Vietnam
About Vietnam
Location: Vietnam is located on the eastern coast of the Southern Asian Indochienese Peninsula.
Capital: Hanoi
Official Language: Vietnamese
Currency: Dong
GDP: 223 Billion USD (2017)
Major Exported Categories
- Telephones and their parts
- Machinery, Instruments, Accessories
- Rubber
- Footwear
- Textile and Garment
- Electrical/Electronics machinery
Key Points
- Construction of US $600 million Vietnam Space Center by 2018
- 40% of the population is 25 years or younger
- Vietnam has attracted total registered foreign direct investment (FDI) of US $300 billion in 2016
- Digital Savvy- the smart phone penetration is 26% of the population