SERVICES
Low Cost Country Strategic Sourcing
No one country can make everything best, and inexpensive. Costmap assists your company in the Procurement of items and services either domestically or from low-cost country suppliers (such as China, S. Korea, Eastern Europe, Indonesia, Malaysia, Brazil, Philippines, Thailand, Taiwan).These countries can provide lower unit costs due to economic boom, low costs of labor and overhead and the increase in global trade.
US President Donald Trump
“Immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA.”
Sourcing from foreign markets can be extremely complicated due to tariffs, language barriers, logistics, and import/export restrictions. Costmap has the resources and partnerships formed through strategic alliances throughout the world to help you save time and energy in strategic sourcing from these countries.
Post covid-19 crisis, companies will show an interest in “Near-Shoring” and this is where.
Costmap’s expertise
Costmap’s expertise will help to consolidate and minimize the risk to your supply chain. There are many compelling reasons to bring your manufactured goods closer to home; low prices, safety concerns, or non-compliance to intellectual property, to name just a few.
Work Together
Together, Costmap and your organisation can find the right products, services, and suppliers to effectively reduce your spend and meet your organisational needs.
Costmap’s Strategic Sourcing
Let Costmap’s strategic sourcing process help you identify the suppliers based on quality, timely delivery, competitive pricing, supply chain risk and the overall fit with your organisational needs.
Costmap’s strategic sourcing process will help identify which supply markets are attractive based on the following criteria:
- Comparative growth rate of the economy.
- Available “on the ground” resources.
- Inexpensive but skilled labor.
- Size of the applicable supply base.
- Stability of social and political environment.
- Size of the target marketplace for your organisation.