Top procurement organizations source over 20% of spend from low-cost countries, shows research. GEP can deliver 25%-30% savings compared to domestic suppliers, even if your procurement team has limited experience in low-cost country sourcing (LCCS).
Our deep category knowledge, local regulatory insights, analytical capabilities and market intelligence minimize risk and maximize value. Our expertise spans direct and indirect categories across Asia Pacific, East Asia, Europe and Latin America.
Smarter Sourcing in Low-Cost Markets
Low-cost country sourcing, however, presents some thorny challenges. Some locations may offer attractive pro forma savings — through reduced production costs — but the total cost might, in fact, be higher.
Overseas transportation, currency fluctuations and import duties can erode the benefits of low production costs and labor rates. Unstable regulations, unreliable suppliers and logistical issues can also spike expenses, hurt product quality and even damage reputation.
To learn about how GEP can overcome these challenges and help you engage in smart sourcing in low-cost markets, contact us today.
End-to-End Low-Cost Country Sourcing Services
GEP’s LCCS services identify the best opportunities and suppliers to maximize value. From spend profiling and TCO analysis to risk assessment and auditing, we adopt a holistic sourcing approach.
- Spend Profiling
- LCCS Suitability
- Clean-Sheet Costing
- TCO Analysis
- Country Profiling
- Vendor Landscaping
- Risk Assessment
- Strategy Development
- Bid Process Management
- Negotiations
- Contract Execution
- Supplier Onboarding
- Logistics Plan Development
- Ongoing Audits
- Supplier Development
We’ve had a very successful sourcing partnership with GEP. They’ve helped supplement our procurement team with subject matter experts who worked closely with us to get us focused.
Corporate VP, Strategic Procurement, B. Braun
