Global sourcing is very important in the modern trade and commerce.This PDF is made by http://www.dragonsourcing.com/ focussing on the mistakes made in global sourcing.

1. Global Sourcing Mistakes
By http://www.dragonsourcing.com

2. What is Global Sourcing ?
 Global sourcing is very important in the modern
trade and commerce.
 It helps to cut the operational cost of the
business.
 It is a practice that involves sourcing goods
and products from low cost country.
 Low cost material and skilled labor are the
most important factors of global sourcing.
 China is one of the active participants of this
sourcing strategy.

3. Mistakes in Global Sourcing
Procuring raw materials and finished products from
the developing economies is always a good idea
as there is enough chance of incurring huge profits
by selling these products. A professional sourcing
consultant can be of huge help in this regard.
Some mistakes are often incurred in global
sourcing. The mistakes are….
 Don’t Give More focus on Price
 No background check
 No Idea about the cost

4. Don’t Give More focus on Price
 Don’t source the product simple based on
the price factor.
 Give more focus on value, than price.
 Quality is the main factor on a product.
 This factor cannot be ignored.

5. No background check
 Don’t choose the supplier by simply seeing the
website.
 Websites are cheap and easy to create.
 Also the information on the website may not be
true.
 Always verify the business background.

6. No Idea about the cost
 Always have clear idea about the shipping and
operational cost.
 It may be very risky to source without
understanding this cost.
 These two costs are most important in sourcing.

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8. Thank You…