Like many other companies, you may be using or considering a global sourcing strategy to produce exclusive products, reduce the cost of goods sold, and improve inventory and line turns.

However, the gains from producing unique goods more cheaply overseas can be offset by complexity, red tape and uncertainty: When will the products arrive in my D.C.? Will they meet our quality standards? Will they meet the special promotions date? Will we be able to contain shipping costs?

These are just some of the concerns that arise when managing the import of products from overseas:

 

  • Margin erosion because product costs increased from initial design to delivery or weren't estimated accurately
  • Long lead times that hinder your ability to react to consumer demand quickly
  • Inefficient, manual processes that limit your ability to grow the business
  • Lack of visibility into production status and physical movement that can lead to late, incomplete and unexpected shipments
  • International complexity that requires document management for standards compliance and customs regulations

Fortunately, there is an answer in sight. These problems can be addressed through: 1) a complete picture of the sourcing process to calculate and manage true costs; 2) automated order management for productivity gains and cost savings; 3) data integration to properly track, trace and pay; and 4) comprehensive shipping/logistics visibility from the time goods leave the factory to the time they arrive in the D.C.


 


 


 


 

 
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