Low cost country sourcing - part 4

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Low cost country sourcing - part 4

Post  Vadivelrajan on Tue Jan 04, 2011 12:59 pm

TIP 4: Establish your own international purchasing office
While the upside is a company's full control of its IPO and LCCS strategy—as opposed to depending on an agent or broker—it could take more than a year for benefits to materialize.
Be warned, an IPO isn't cheap and requires a long-term commitment. In its June report, the Aberdeen Group estimates that establishing an IPO could cost between $1 million and $2 million for an office with 10 employees or fewer in Hong Kong, Taiwan or China (the hottest spots for an IPO right now). Recruiting and training local talent could take as long as 12 months

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