9 Things a Good Sourcing Team Considers

Global sourcing involves all factors related to helping make a product happen on time, meeting quality standards, and satisfying budget expectations. There are many resources required in order to build a product such as engineering design capability, tier 2 sourcing, project management, material management, and quality control. The challenge is determining how to coordinate these on a global spectrum. Beyond that, a sourcing team is focused on finding the best goods at the least expensive prices. In other words, they look for value. They help manage and alleviate supply chain risk through risk-management and keeping tabs on supplier stability.

Sourcing goes much deeper than just a simple purchasing decision. A good strategic sourcing strategy generally has a few basic components such as category planning, sourcing projects, and supplier performance measurement. The team looks to align these activities with the goals of the company and leverage expenditures with quality suppliers to maximize value.

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How is Country of Origin Determined?

How many times have you seen a “Made in China” label on a product? Chances are your answer is “a lot”. This product information  isn’t just a courtesy to the customer. It’s legally required for products imported into and sold in the U.S. But what actually determines country of origin? What really makes something “made” in China, versus say, “assembled” in China?  

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Minimizing Tariff Impact Through Global Supply Chain Design

The United States’ new tariffs on China, Mexico, Europe, and counter acts from elsewhere around the world have been a concerning topic in the business world. Since companies have built increasingly complex international supply chains, the impact of these tariffs is much broader this time. However, these tariffs can also be used as a competitive advantage. We need to constantly redesign the supply chain ahead of competition to benefit from the impacts.
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6 Tips for Manufacturing Your First Product

Taking an idea and realizing it is exciting. It’s through ideas from entrepreneurs like you that we see manufactured products that help the world evolve. With that being said, it takes a lot of hard work, expertise, and testing before products like these can even start to become a commercial success. As you dive into manufacturing for the first time, keep these things in mind to create an outcome like a champ.
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How Determining the Right Tariff Classification Can Affect Your Business

You’ve gotten your product manufactured overseas and managed to save a few bucks too by doing it across the water. Great. But that’s only the first (admittedly large) step. The next big challenge is shipping the product back to the U.S. without losing all those saving to unexpected high import duties. Amongst the current political talk regarding trade, it is more important now than ever to pay close attention to how the import process can affect you and your goods.

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All About Transferring Tooling

If you’re already manufacturing a product, you understand how important tooling is. But what happens if your factory isn’t quite working out and you want to head to greener pastures? Or you’re ready to move production overseas? Do you have to start from scratch or can you take your tooling and molds with you? To answer that, we’ll start from the beginning.

So what exactly is tooling? Tooling is an essential part of the manufacturing process. Simply put, it is the designing, engineering, and creation of the tools that are needed to manufacture your product. This can include any needed molds as well. The quality, precision, and characteristics of tooling all determine how the finished piece will turn out as well as the speed, accuracy, and repeatability of manufacture.

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