PurchTips - Edition # 120
A Global Sourcing Strategy: What's Different?
By Charles Dominick, SPSM, SPSM2, SPSM3
What Should A Global Sourcing Strategy Address?
Costs A global sourcing strategy is often used to benefit from lower labor costs abroad. But there are also other additional costs for a buying organization to bear that aren't part of domestic transactions. They include multi-modal freight charges, broker fees, bank fees, taxes called duties, and insurance to name a few.
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