6 tips for negotiating contracts with global suppliers
Would your business benefit from using global suppliers to manufacture products? Negotiating an effective contract can be a complicated process as it requires understanding the market conditions and thoroughly researching potential suppliers. That said, having a good strategy for striking deals with global suppliers can help make negotiations easier. In this post, we’ll provide 6 […]
The pros and cons of different types of global sourcing strategies
Are you wondering about the advantages of global sourcing and the different strategies available? Whether it’s cost savings, supply chain flexibility, or quality improvement, understanding these strategies is essential to making an informed decision. In this post, we’ll review the pros and cons of various sourcing strategies to help you decide which is best suited […]
How to choose the best global sourcing partner for your business
When manufacturing goods, global sourcing is the key to competitive advantage. Thanks to globalisation, the playing field has levelled and it’s easy for businesses of all sizes to access new markets, lower costs, and benefit from more efficient supply chains. However, with more choices than ever before, how do you choose the best global sourcing […]
Top Global Sourcing Mistakes
Global sourcing has made trading easier for modern businesses because profits can increase as a result of cheaper products and labour. Exchange rates also work in your favour if you live in a country with a strong currency, meaning you get better value and quantities compared to sourcing domestically. However, there are plenty of mistakes […]
Choosing a UK Global Sourcing Company
Advantages of UK Global Sourcing UK global sourcing has become an increasingly effective solution for finding low-cost services, products and materials for businesses when compared to domestic supply lines. The opening up of the global market has provided access to lower labour and manufacturing costs, resulting in greater profits and value for money. If your […]
A double hit for supply chains: Brexit and COVID-19
The combined effects of the coronavirus pandemic and Brexit have impacted some business sectors more than others. Take the car industry for example which has been impacted by both of these challenges. Due to COVID-19 consumer demand for vehicles has plunged, trickling through the supply chain. Adding Brexit into the mix a car produced in […]
What’s The Impact of E-procurement on SMEs?
Did you know nearly 6 million small businesses existed in the UK at the start of 2019? If you’ve taken the plunge yourself , you’ll know that keeping a small business afloat can be a massive challenge. Larger more established organisations often enjoy a much bigger amount of working capital, plus technologies and processes to […]
Challenges of Digital Transformation In Construction
Construction companies have long appeared to struggle with embracing the benefits of digital platforms. However, digitisation is here to stay so it’s important to think about why this might be. Consider this common scenario in the construction industry; a company works for many years on designing new software platforms – 5D BIM for example. It […]
Civil Engineering Apprenticeships Soar In UK
There’s been a sizable increase in UK civil engineering-related apprenticeships of late, providing a solid alternative in accessing the profession. It is, after all, no secret that there’s a skills gap in this sector, and attracting a new intake of industry specialists is a challenge. It’s an ongoing problem, which has driven the UK government […]
How Can UK Manufacturers Remain Competitive?
Back in March of this year, the UK manufacturing sector enjoyed its strongest month in more than a year. However, this appears to be due – at least in part – to higher outputs and record levels of stockpiling thanks to the ongoing uncertainty around Brexit. Therefore despite this good news, it’s more important than […]