One of the key distinctions between top-performing organizations and typical run-of-the-mill ones is how strategic they are with their sourcing requirements. Top organizations around the world almost often have a documented strategy for their procurement teams, which allows them to utilize their resources more effectively than their counterparts.
Given that procurement teams are now proficient enough to contribute to the top and bottom lines, successful organizations need to figure out how to utilize strategic sourcing to maximize cost efficiency and add to the profit numbers.
Dragon Sourcing is one of the best strategic sourcing companies in the world, having helped countless organizationsrealize the potential of their procurement teams to save billions in expenses. Our strategic sourcing professionals can get sustainable results quickly, providing you with a competitive advantage and helping improve the bottom line of your organization.
While our primary expertise lies in strategic sourcing and consulting, our global footprint, a proprietary mix of analytics and sourcing strategies, and high-quality infrastructure and talent enable us to do a lot more than that and a lot more effectively. To know more about how we can help your organization save up on operational costs and improve your bottom line, get in touch with our veterans at the earliest.
Leverage Dragon Sourcing’s Strategic Sourcing Expertise to Grow Your Company
Being one of the leading strategic sourcing companies globally, Dragon Sourcing enables you with the expertise and experience required to improve the operational procedures of your procurement teams, qualitatively and quantitatively. When working with Dragon Sourcing, you can rest assured that any advice you get has been tried and tested in the real world and is guaranteed to bring in results.
Working with a result-oriented sourcing agency like us for strategic sourcing has multiple facets and benefits, which include but are not limited to the following:
- Discovering market opportunities and clarifying supply chain risks
- Accurate analysis of the current supply market
- Developing a sourcing strategy to align with business objectives
- Benchmarking current operations to the global standards and finding areas to improve
- Tracking performance and optimizing accordingly
- Identifying performance gaps and contingency plans
- Incorporation of IT, artificial intelligence, and automation for day-to-day procedures
- Process transformation and change management
One of the unique advantages of working with Dragon Sourcing is that we can customize the procurement strategies to match your business requirements. You can talk to our customer representation team to know more about how we adapt our operations to make sure that our clients get the desired results.
How we enable rapid and effective procurement decision making
At Dragon Sourcing, we thoroughly believe that to deliver value to our clients, we need better insights into the market dynamics and the current cost of the key products and services in the desired markets, along with the ability to foresee the early signs of market risks. Our veterans can quickly filter out redundant information and work with multiple information sources and local product teams to enable rapid, relevant, and reliable decision making.
With our services working behind the scenes of your operations, the procurement teams at your organization can receive some unique, valuable insights into your target categories and markets that will help you make better business decisions. We achieve the same by:
Extensive primary and secondary sources
Dragon Sourcing maintains a vast network of primary sources, like suppliers and industry experts, and secondary sources, e.g., associations, publications, databases, etc., and collects valuable insights from multiple viewpoints to improve the depth and reliability of our sourcing strategies.
The current market scenario demands market globalization and alternative sourcing for sustenance and competitive advantage. Dragon Sourcing meets the challenges by maintaining a network of operations spanning key global markets and increasing exposure to the local markets.
Since for most companies, the procurement cornerstone is to increase savings and improve cost efficiency, we enable the same by maintaining an exhaustive database of current market scenarios and costs by various product sourcing companies present across multiple markets. You can talk to our team for more information about how we quantify a potential value opportunity.
Benefits of working with Dragon Sourcing
With nearly two decades of hands-on experience in the sourcing industry and a network spanning 15+ countries, Dragon Sourcing is the ideal global sourcing agency for any and every type of product, service, and solution.
When leveraging our expertise in strategic sourcing, here are the benefits you get to enjoy.
Some countries are simply better at certain product categories than others. Our strategic sourcing insights allow businesses to locate and leverage the skills and resources that are not available in the local markets to produce superior products.
Higher production capacity
Companies with smaller edifices can tap into the infrastructure and resources of low-cost countries and produce higher volumes of goods rapidly, leading to a quicker time to benefit realization and increased productivity.
Our strategic procurement insights can help you offload the labor-intensive processes to developing nations, where the cost of raw materials and manual labor is lower. This enables you to cut down on production costs without sacrificing quality.
Reduced supply chain risks
We help businesses gain better visibility into the supply chains and provide thorough insights that enable our clients to comply with international and local legislation, corporate social responsibilities, and other regulations.
Better business engagement and alignment
At Dragon Sourcing, we understand that strategic sourcing is not a solo effort.We engage the stakeholders from the very beginning to ensure that every node in the supply chain understands the actual demand and the sourcing models align with the operating model to meet the said demand on time.
Explore new markets
Over the last couple of years, many organizations have realized the importance of alternative sourcing to prevent supply chain disruptions. A strategic sourcing agency like Dragon Sourcing allows you to explore new markets for procurement and selling, thereby increasing your global reach while mitigating the risks.
Our Approach to Strategic Sourcing
Now that you know the benefits of working with one of the best product sourcing companies in the world, here is a little insight into the working procedure followed at Dragon Sourcing.
One of the first things on our agenda is developing a deeper understanding of your exact requirements. We believe in following a fact-based approach and collecting valuable insight from multiple sources to identify and assess suppliers based on:
Our sourcing veterans then evaluate the performance of the suppliers that pass the first round and collaborate with market analysts to identify potential risks in the early stages. The key steps in this process involve:
Verifying the documentation of both parties
Conducting audits to evaluate the production capacity of the suppliers
Analyzing the operating conditions and ensuring that they follow sustainable practices
Once we have all the data, we create a detailed case study and an action report. After both parties agree to the demands, our team guides the supplier through the sourcing process to better align the business models with the requirements.This model ensures good communication between the parties and a higher ROI for our clients.
We provide analytical horsepower, market intelligence, and execution support to the onsite teams for maximum benefit to both parties.To know more about our solutions and how we can help your business grow, get in touch with us today!
Turkey has become one of the trusted sourcing hubs for multiple industries across the globe. Though the country has signed Free Trade Agreements with Albania, Chile, Israel, Jordan, and a few other nations, it is still the main sourcing hub for Europe and the Middle East. Some of the key reasons behind the emergence of Turkey are:
- Its geographical location
- Integrated supply chains
- Better infrastructure
- The abundance of skilled and tech-savvy employees
Seeing the progress of the country in sourcing, it is hard for anyone to believe that Poland’s economy was stagnant till 1989. A country once considered a powerless nation having no prospects, is now one of the mostpromising sourcing hubs. The country has seen remarkable growth in itseconomy after 1989 and the growth is still ongoing. Some key reasons behind the rising popularity of Poland are:
- Thriving economy
- Availability of skilled and experienced workforce
Slovakia is one of the leading sourcing hubs of global manufacturing industries, such as automotive and electronics. It is a hotspot for shared services centers and business process outsourcing centers. The country is continuously developing and enhancing its infrastructure to meet clients’ expectations. Being located between the seaports of Southern and Northern Europe, Slovakia is able to deliver orders faster than its neighbor countries. Moreover, the policies of the Slovakia government are flexible. Key sourcing opportunities in Slovakia include:
- High-quality solutions
- Tech-savvy workforce
- Top-notch infrastructure
Known as one of the most industriouscountries in Europe, the steady and hiking economy of Hungary has made it an excellent economic foundation for global businesses. When it comes to automotive, information and communication technology, infrastructure, oil and gas, and mining industries, Hungary is the best choice for sourcing.
The country provides:
- Cost-effective sourcing services
- Fast shipment and delivery
- First-rate infrastructure
In 2021, a remarkable change in national procurement directives made social and environmental responsibility obligatory for public procurers in the Czech Republic. Consequently, a sustainable procurement practice is gaining popularity in the country. Apart from sustainability, the key forces that drive the sourcing growth in the Czech Republic are:
- Public policy
- An abundance of raw materials
- Skilled workforce
It is known to all that Croatia is home to amazing coastlines, beautiful lakes, forests, and its appealing history. The country is gradually evolving as one of the emerging destinations for sourcing across the world. A few key reasons behind the emergence of Croatia are:
- Its favorable geographical location
- Advancement in technology and business world
- An abundance of raw materials and workforce
For the past few years, Slovenia has been enabling many global businesses to transform their organizational goals. The thriving economy of Slovenia has improved the infrastructure of the country. It supplies quality products at affordable prices. There are many benefits of sourcing from Slovenia, such as:
- Reduced operating costs
- Hiking spend savings
- Enhanced stakeholder satisfaction
- Well-trained workforce
- Fast shipment and delivery
Romania is one of the fast-growing sourcing countries. Nowadays, it has become one of the favorite choices of many small and mid-level companies from different parts of the world. It has some unique benefits, such as:
- Ideal geographical location
- Highest levels of technical proficiency
- Better soft skills
- Well-structured manufacturing facilities
- Better connectivity
Sourcing plays an important role in the success of a business. This is why all businesses, regardless of their sizes and industries, want to source from the best hubs. North Macedonia is one of the most popular rising sourcing countries. It provides a number of benefits, such as:
- Talented and skilled experts
- Well-structured education centers
- Favorable geographical location
Outsourcing is one of the leading industries in Morocco. It has a global client base. Different businesses depend on Morocco for sourcing high-quality materials at affordable prices. Some of its unique benefits are:
- Proven agility
- Quality products at competitive prices
- Better connectivity
- Flexible policies
For the past few years, many USA and UK-based companies have been sourcing from Egypt. It has become a favorite destination for many businesses, which are looking for first-rate products at affordable prices. Some of the major benefits of sourcing from Egypt include:
- Political stability
- Flexible business policies
- Client accessibility
- A wide range of trained labor pool
- Improved internet and telecommunications
Reduced operating cost and enhanced infrastructure
Apart from being one of the best travel destinations in the world, Thailand is also establishing itself as an efficient sourcing hub. The country provides its client businesses with several benefits, including:
- Low labor costs
- Well-trained and qualified staff
- Strategic location
- Dynamic economic growth
The Philippines has one of the most sought-after sourcing markets across the world. Many businesses are heading towards the Philippines to leverage a number of benefits, such as:
- Cultural compatibility
- Well-trained workforce
- Minimal legal liabilities
Indonesia, the 4th largest country in the world is also the largest archipelago. It is made of more than seventeen thousand islands. Indonesia is one of the 20 largest economies in the world. All these facts contribute to the growing popularity of Indonesian sourcing industry. It is an appealing sourcing destination for businesses looking for cost-effective products. It provides some remarkable benefits:
- Upgraded technology
- World-class infrastructure
- Availability of raw materials and efficient workforce
- Transparent business policies
Dragon Sourcing has extensive experience across all industries. Our highly trained sourcing teams bring insight and value to each client.