IBM Services

JANUARY 31, 2024

Near-sourcing Near-sourcing, also called nearshoring, involves moving sourcing activities closer to where goods or services are sold. It can be considered an alternative outsourcing strategy: while outsourcing to distant countries may offer cheaper labor costs, it’s more difficult and costly to manage logistics.

Sourcing 98

Sourcing Strategic Sourcing Outsourcing Supply Chain Management 98

SourcX

OCTOBER 11, 2020

Low Labor Costs. The low labor costs associated with manufacturing overseas might be the most obvious advantage, and the most important. By manufacturing in countries like China, India, Vietnam, Bangladesh, and the Philippines, companies gain access to a low cost labor market that can save them a lot of money.

Manufacturing 52

Manufacturing Labor Costs Regulations Pharmaceuticals 52

Planergy Software

JANUARY 19, 2023

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This principle essentially states that roughly 80% of outcomes are determined by 20% of causes for many events. How to gain visibility and control of your indirect spend.

Supply Chain Management 52

Supply Chain Management Reduced Costs Robotics Process Automation Analytics 52