NEAR SOURCING EBOOK
Near-sourcing also known as near-sourced or near-source, is a term used to describe a business strategically placing some or all of its operations close to where its products are sold. Near-sourcing also known as near-sourced or near-source, is a term used to describe a business strategically placing some or all of its operations close to where its products are sold. It could mean relocating or locating operations in a nearby country (nearshoring).Overview · Reasons to near-source · Cost. Near-sourcing gains traction in supply chain. November 29, ·. Since issuing its study last summer, Global consultancy IDC Manufacturing Insights contends.
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Near-sourcing gains traction in supply chain - Supply Chain Management Review
Typically, the term is contrasted with the trend to outsource low-wage manufacturing operations to developing nations offshoringand is used to highlight a reversal of that trend.
Thus, executives are reacting to these factors and re-thinking their strategies about outsourcing, insourcing and near-sourcing.
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Near-sourcing - Wikipedia
As consumers become more demanding, the importance of customer and IT services, as well as the ratings associated with customer and IT service performance becomes more near sourcing and plays a larger part in consumer choice.
For near sourcing businesses the question is not so much whether to near-source, but how, to what extent, and which parts of the business might be suitable.
We live in a global market and large areas of the planet are evolving from relatively undeveloped and agrarian societies to big markets for near sourcing goods. This plays into the trend toward regional production and sourcing.