Archive for January, 2011

Promises and Perils of Sourcing from India

Sunday, January 30th, 2011:

Sourcing from India fast became a popular phrase as soon as the Indian economy started following policies of liberalization in 1990s. The practice enabled foreign companies to exploit the efficiency and advantages that India offers. Apart from manufacturing, the metalwork, electrical, hydraulic and plastic industries are among the major product sourcing industries in India. Additionally, the call center, business process outsourcing and software development industries in the country are fine examples of the service sourcing sector. However, there are problems with Indian sourcing too. The following is a look at some of the pros and cons of sourcing from India […] Read More →

How Indian Outsourcing Companies are Changing Outsourcing

Thursday, January 27th, 2011:

The Indian outsourcing companies took some time to appear among the top companies offering outsourcing services. However, today, they can be seen on the top ranks which clearly indicates the country’s growing prosperity on the global economic map. These companies had to cross a number of barriers and many of them are still on the other side of the fence. It will take time for more outsourcing companies from India to join the ranks of top service providers. The following article is covers outsourcing companies from India and how these companies are making a place for themselves in the global […] Read More →

The Pros and Cons of Outsourcing to India

Thursday, January 27th, 2011:

With outsourcing to India gaining popularity in countries like the US and the UK, it is important to assess the pros and cons of it. Starting with the back office operations in the early 1980s, the outsourcing process to India evolved in the new millennium. This has expanded with the growth of software development and web designing projects outsourced to India. Finally, the rise of the BPO (business process outsourcing) industry strengthened the concept and cemented the trust of global companies in the Indian outsourcing community. However, there has been a constant debate as to whether outsourcing jobs to India […] Read More →

Making International Sourcing Work for You

Wednesday, January 26th, 2011:

Thanks to technology and the work of early pioneers, international sourcing has become more accessible than ever before. However, this does not mean it is free from peril as well as promise. From political and currency instability to quality control and intellectual property, there are various factors any international sourcing strategy must take into consideration for the company to be successful. International sourcing is about a lot more than just finding the lowest production costs. Any company focused only on the bottom line will likely miss out of the most important opportunities and may do more harm through sourcing than […] Read More →

Understanding International Money Transfers

Tuesday, January 25th, 2011:

When sourcing overseas, the need to send money abroad is obviously going to arise. More often than not, unless the amount is small, money is sent by an international wire transfer. While it is not the cheapest way to send money, it is the most common and reliable. Those considering overseas outsourcing need to understand the process. How they work International wire transfers start with the sending parting initiating the process with their bank. Once the bank receives the instructions to make the transfer from this party, it will send a message through a secure system such as SWIFT (see […] Read More →

Strategic Sourcing and Survival

Monday, January 24th, 2011:

Strategic sourcing is a business process that seeks to improve the sourcing process by continually examining and re-evaluating purchasing activities. While sourcing is talked about a lot in business, strategic sourcing is one of the most important aspects of sourcing any business will face and must be thought of as much more than talk. It offers both promise and peril, but the competitive nature of today’s world makes facing it inevitable. Thus, every business needs to understand the process and how to go about it. Advantages of strategic sourcing Everyone in business knows how tough international competition is and how […] Read More →

How to Control International Shipping Costs

Sunday, January 23rd, 2011:

International shipping can be a complicated and financially straining, but there are ways to simplify the procedures and keep expenses down. With an understanding of the process, those shipping goods across national boundaries can find the lowest international shipping costs available. Commercial international shipping International shipping, especially for commercial users, is centered on container use. They allow goods to be easily transferred between ship and land transportation and save untold amounts in shipping costs. The two most used container sizes are as follows: 20 foot shipping containers Once the most popular container size, shipping units are now based on their […] Read More →

Choosing the Right Customs Broker

Saturday, January 22nd, 2011:

While it is not required, it is advisable to hire a customs broker when importing goods. They not only make the process of importing a lot easier and less time consuming, but their services also can potentially save a lot of money while helping to avoid unnecessary delays. However, not all customs brokers are created equal. With so many to choose from and the importing process potentially complicated, it is important to know what to look for. All US customs brokers must be licensed (there is a custom broker license exam) by the U.S. Customs and Border Protection (CBP). Their […] Read More →

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