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Strategic Sourcing: China, Mexico and India Outsourcing
Global sourcing is a term used to describe strategic sourcing in today’s global setting. HedgeHog’s global sourcing services help you quickly locate and qualify suppliers of capital equipment, raw materials and services in countries such as India, China, Europe, South America, Canada, the United States and Mexico.
Strategic sourcing with global partners involves a pinpointed buying philosophy. Stategic sourcing strategies has businesses regularly reviewing what they purchase and at what price. Strategic sourcing can deliver significant cost and efficiency benefits in both direct and indirect supply chains.
With our global sourcing, HedgeHog acts as your agent to identify national and international vendors that can deliver the materials and services you need according to your quality specifications and on your timetable. Our procurement expertise, extensive network of worldwide supplier contacts, international presence and first-hand knowledge of global markets offer you competitive advantages that in the past were available only to large enterprises with unlimited resources and representatives throughout the world.
HedgeHog’s global sourcing services provide access to a previously untapped network of suppliers that can provide internationally competitive pricing and a wider range of products, materials, manufacturing and production techniques, transportation options and services. Our software tools are designed to help your strategic sourcing team collaborate and negotiate more efficiently.
Benefits:
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Access to a global supplier pool |
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Reduced manufacturing & production costs |
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Improved product quality |
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A more efficient supply chain |
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Reduced procurement overhead |
Offshore Sourcing Strategies
Outsourcing is a procurement strategy aimed at exploiting global efficiencies. India outsourcing or elsewhere is a global sourcing strategy that allows businesses to purchase at a fraction of the price that it would cost by handling it in-house. The prime reason for choosing India Outsourcing is usually to use the enormous pool of educated workers particularly for IT outsourcing. China outsourcing offers excellent cost reduction potential and a skilled work force. Mexico outsourcing offers logistics advantages and lower transportation costs for US companies.
Reverse Auctions
A reverse auction is also termed as e-auction. With reverse auctions a company puts out specifications for the products or services it requires. Bidders then are invited to participate, and are typically selected from a pre-screened list of potential providers. Quite often reverse auctions result in some incredible money savings.
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