I have heard some talk on the news and other places that Covid has ensured that Global Sourcing is now dead. I do not believe that Global Sourcing is still alive and well. There are many reasons why Global Sourcing and the Global Supply Chain are not dead. Everything from the cost to selling products…
Many people want to live and work overseas but do not fully understand the realities of living and working overseas. Many think living overseas is cheaper or better than living in their own country. The truth is that living and working overseas can have benefits, and there are things you will pay more for and…
Retailers and vendors must find ways to coordinate their supply chain management. If they do not do this, it can mean a loss for both the vendors and retailers. When retailers and vendors do not coordinate their supply chain management, there can be chaos in the supply chain that can affect everyone. What happens in…
I recently returned from the High Point Furniture Market after a 2 years absence. While I was on the plane, a woman next to me asked if I had any tips for her for the market as she was attending the market for the first time. I have attended the High Point Furniture Market twice…
One of the challenges for anyone in the global supply chain is understanding the differences between purchasing and strategic sourcing. The two can seem similar, but there are some differences. Purchasing is usually focused on just the price and not all the aspects of the supply chains, as bringing in a supplier they can work…
In today’s competitive environment, many professionals are looking at how to add value to their supply chain. Everyone wants to optimize costs while getting the highest quality product at the same time. There are seven significant steps in strategic sourcing, and each phase is designed to help you make the best strategic sourcing decision possible.…