Low Cost Sourcing is moving a business process from one company location to a lower cost supplier or location, typically in another geographic location (India, China, Rural US, etc.). Offshoring has been the most common form of low cost sourcing, but several other alternative sourcing approaches are available. Example forms of low cost sourcing include….
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As a CEO, mid-level manager, supervisor, small business owner, or in a professional career of any type, you may be responsible for moving part of your business or personnel to a low cost sourcing country or provider. Development of a new low cost sourcing organization may include strategizing, planning, hiring, training, problem solving, and other organizational development activities. Consider the following suggestions and common pitfalls in building a successful low cost sourced organization….
Learn more about building an outsourced organization here....
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