Low-cost country sourcing (LCCS) is nothing but a strategy of procurement, where a company sources materials from countries. They are sourced with lower labor and production costs to help cut operating expenses. LCCS comes under a broad category of procurement efforts called global sourcing. There are many ways of monitoring inventory, supply chain statistics, and […]

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You might be confused or have misconceptions about the outsourcing, like when should we outsource or when should we not? Also, it can be complicated to outsource business models. To understand well, it is not possible to cover all the variations in a short blog. However, what we can include are some of the basic […]

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It is a universal fact that the cost of products manufactured in a developed country is importantly higher than that of products produced in a low-cost country. A number of companies in the UK enjoy the benefits of lower production costs by sourcing their products worldwide. iPRO Location Map: In taking benefit of worldwide sourcing, […]

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You must be thinking where to make your next investment in supply chain technology. The questions are very common in electronics and bioproduction companies. Before taking any decision, step back and consider whether it is making more sense to outsource. For some companies, it makes sense to utilize a mix of outsourced and in-house supply […]

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