What SMEs need to know before casting their sourcing net further afield

What SMEs need to know before casting their sourcing net further afield

While large corporations turned their attention to Asia for production outsourcing long ago, now may be the time for SMEs to join. In fact, political and economic uncertainty in an ever-shrinking world could make this not so much an option, but a necessity.

But are procurement professionals at SMEs ready to take that step? Strategic and cultural knowledge is vital to make the most of such a move, and in this whitepaper, published in partnership with Trinity Bidding, you will learn:

  • The production strengths and weaknesses of individual Asian countries

  • How to establish trust with your new suppliers

  • What steps to take to maintain corporate social responsibility

  • Communication conventions, and what they indicate, to gauge the mood during negotiations

  • How to avoid offence during business banquets

Trinity

Related Expert Reports

Listening for the silent threat: how CLM transforms risk into opportunity

Even the most diligent teams can’t see everything when information is dispersed across systems, versions, and departments. That’s why a growing number of organisations are rethinking how they approach contractual risk. Instead of fighting fires one document at a time, they’re turning to Contract Lifecycle Management (CLM), a comprehensive approach that brings every stage of the contract process into one cohesive, visible, and controlled environment.

How to Get Contracting Right in the Age of AI

If you were confident you could make a critical function 37% more efficient, grow revenue by 100 – 200 basis points, or cut procurement spend by 33%, wouldn’t you do it? Research and analysis show that these benefits are absolutely available to enterprises who get contracting right.

share