Examples of Global Sourcing | Strategic Sourcing Strategies
Industries rely on the global supply chain to optimize costs, access specialized goods and services, and increase competitiveness in the international market. Some of the most prominent sectors include technology, automotive, manufacturing, consumer goods, telecommunications, food and beverage, energy, and professional services. Here are examples of some popular industries that uses global sourcing for their […]
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Global Sourcing in Supply Chain & Procurement: An Overview
Global sourcing has become an essential pillar for modern supply chain and procurement professionals seeking to unlock value, enhance resilience, and maintain a competitive edge in the global marketplace. Let’s delve into what global sourcing entails, why it matters, the key procurement strategies, as well as benefits, risks, and the latest trends shaping global sourcing […]
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Export Invoice Discounting: Trade Financing Explained
Export Invoice Discounting: Trade Financing, Simplified Waiting months for overseas clients to pay invoices can choke your cash flow. Export invoice discounting steps in as a fast financial solution—turning unpaid invoices into quick working capital. Instead of waiting, exporters get paid upfront, keeping their business running smoothly. What Is Export Bill Discounting? Export bill discounting […]
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Merchant Export Under GST: A Simple Guide for Merchant Exporters
What Is Merchant Export? Merchant export refers to the process where traders or firms purchase goods from Indian suppliers specifically to export those goods, without any substantial processing or manufacturing. These exporters act as intermediaries, connecting domestic manufacturers to overseas markets. In India, these exports enjoy special status under GST law, offering procedural ease and […]
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OEM: What is Original Equipment Manufacturer?
Defining OEM and Its Core Meaning In various industries, particularly in automotive and electronics, the term OEM stands for Original Equipment Manufacturer. An OEM is a company that produces parts and equipment that are used by another company to create its final product. For example, a car manufacturer may source OEM parts to assemble their […]
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Customs Declaration: Common Mistakes and How to Avoid Them
Common Customs Declaration Mistakes & How to Avoid Them When engaging in global trade, custom clearance is a critical step that can either smoothen your shipment process or cause costly delays and fines across borders. For small manufacturers and exporters, especially those new to global markets, navigating the complexities of customs declarations can be daunting. […]
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What is Four Turrets?
Four Turrets enables global trade by helping businesses across the world collaborate on its business platform to trade best quality products and services. From exchanging reliable and scalable products to working on providing the leading digital services, Four Turrets makes it easy for stakeholder to grow and achieve their targets. Four Turrets provides reliable procurement […]
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Factors Affecting Lead Time in Supply Chain
What is Lead Time? Lead time is a critical factor in supply chain management, representing the total time taken from placing an order to the final delivery of goods or services. In essence, it is the period between the initiation of a process and its completion. For businesses, understanding and managing lead time is essential […]
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U.S. Import: Merchandise Processing Fee (MPF) Explained
When importing goods into the United States, understanding the Merchandise Processing Fee (MPF) is essential for compliance and cost management. The MPF, assessed by U.S. Customs and Border Protection (CBP), applies to most shipments and is a key consideration for importers, custom brokers, and businesses engaged in global trade. What is the Merchandise Processing Fee (MPF)? […]
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Hidden Costs of Global Sourcing: Source Better, Avoid Fees
Global sourcing has become a cornerstone of modern procurement strategies, promising cost savings, access to new markets, and increased supply chain flexibility. However, beneath the surface of attractive unit prices and global supplier options lie a host of hidden costs that can erode anticipated savings and introduce significant risks. Understanding these hidden costs—and how to […]
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