The
evolving consumer demands, and the fierce competition globally are compelling
organisations to reconsider their sourcing strategies. They seek the best
quality services at the lowest costs from their suppliers. One of the
strategies is low cost country sourcing.
Choosing the right consultant services will give a big boost to the organisation's
business objectives. They analyse and plan well-defined strategies and
implement them keeping in consideration, how the plan will impact and help the
client achieve their long-term goals.
Why
low cost country sourcing (LCCS)
LCCS
can drive in anything between 20% to 40% cost savings on the landed costs. This
is because sourcing of raw material and other initial resources are done from
the emerging markets.
India
is the fastest growing economy and the most preferred destination for sourcing.
Low cost country sourcing in India
has received momentum because of various reasons that include
* Low labour costs
* Abundance in talent both skilled and unskilled
* Government
initiatives like Digital India, Make in India, Skill India etc.
* Big market and strong development in technology
* No
language barrier with use of English in a big way
* Liberal taxation policies
The LCCS countries are a hub for the
best procurement costs. India leads them all having gained preference over
China and others by global organisations.
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