Some buyers are yet to begin low cost country sourcing, while others have been doing it for years. They have reliable suppliers who produce goods to specification and deliver on time, but are they extracting all the value they can from these long supply chains?
Observers in China believe not.
They say even large, well-established, experienced companies are yet to achieve all the benefits they could from global buying - with logistics, packaging and strategic sourcing named as areas ripe for improvement.
Are you getting all the value you can from low cost country sourcing? Any advice for other buyers about improvements they could make?