Successful low-cost country sourcing involves more than pricing
Low-cost country (LCC) sourcing and supplier development are opportunities for U.S. businesses to make sure that they are providing their customers with the lowest cost possible. Typically low-cost country suppliers are located in China, South Korea, India, Indonesia, Malaysia, Mexico, Philippines, Thailand, and Taiwan.
If you're considering low-cost country sourcing, it’s important to understand and deal with the possible risks like differences in culture, currency, time zones; language barriers; connectivity; distance; logistics constraints; and political instability.
Familiar with issues and options
Doing low-cost country sourcing right involves more than just looking at costs. Companies must revisit their supplier development program and strategy regularly. With in-country experts in the Far East, Mexico, and India and an alliance of business partners in 72 countries, our global business solutions consultants are intimately familiar with the issues and options in the country that makes the most sense for your operation.
You can depend on our team of supplier development engineers and purchasing professionals to help you identify suppliers that are able to become your partners and offer high quality and competitive prices. They will also help you hit price targets that make sense, always considering the final landed cost and total installed cost, including logistics, to make sure that the business case is solid.
Potential benefits beyond lower cost of goods
Because of their experience, our supplier development team can also help you and your supply chain partners find additional value by improving and/or developing products and services and offering your company the opportunity to increase your competitive edge.
If you are looking for a team of global business advisors to help your company build effective long-term relationships with suppliers, Plante Moran has a multidisciplinary team with the skills and experience to ensure you find a partner that will fit your organizational goals and requirements.
Wherever your business needs to go, our global business services team can help you get there efficiently, effectively, and profitably.