Sourcing from China: Lessons from the Leaders

Companies sourcing from China are reaping huge benefits but also encountering increasingly tough challenges, both internal and external. A recent BCG study reveals the nature of the challenges and summarizes ten key practices that separate the most effective China sourcing offices from their peers: defining a clear sourcing strategy; aligning the China sourcing organization with global procurement; enabling collaboration across regional and functional boundaries; integrating suppliers and R&D into design; systematically developing suppliers; recruiting, developing, and retaining the best people; gaining 100 percent transparency into sourcing volumes and savings; providing internal education to increse awareness and understanding; tying incentives to sourcing targets; and addressing real and perceived risks.

Like this content? Why not share it?
Share on FacebookTweet about this on TwitterShare on LinkedInBuffer this pagePin on PinterestShare on Redditshare on TumblrShare on StumbleUpon

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.