Low-cost Country Sourcing (LCCS)

Gain competitive advantages, achieve cost reduction and expand sourcing from new markets with lower production costs through our insights on low-cost country sourcing (LCCS) and best-cost country sourcing (BCCS).

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How your business benefits

Improve efficiency in cost reduction

  • Reduction in cost, cheaper labor, and lower production cost can improve profit margins
  • Low-cost country sourcing (LCCS) offers abundant cheaper labor at low wages, and raw material cost is also low

Diversify supplier base for more suppliers

  • Gain access to more suppliers from a wide range LCCs as governments in these nations are taking initiatives to attract investors
  • Increase production volume and reach scale at lower cost by migrating manufacturing to LCCs/BCCs

Cheaper labour without compromise on quality and efficiency

  • Wages in most LCCs are just a fraction of the first world, and they have high population
  • We analyze businesses and recommend suppliers in LCCs based on their wages rate and skill, quality and efficiency

Lower production costs

  • Sourcing from LCCs helps businesses to gain access to cheaper labour and achieve lower production costs as well as increase the production volume
  • Similarly, economies of scale are larger when you optimize your procurement strategy to include Low-cost Country Sourcing (LCCS)

De-risking supply chain

  • Engaging with dual or more suppliers can avert supply chain disruption to a great extent
  • LCCS helps analyze cost benefits of engaging with many suppliers, thereby averting such disruption

Why choose SpendEdge?

Featured Case Study

How We Transformed a Leading Automotive Company’s Risk Management Strategy

Challenge: The automotive company grappled with multiple critical risks, including supply chain disruptions, fluctuating market demands, and stringent regulatory requirements.

Solution: To tackle these pressing issues, SpendEdge engaged in conducting an in-depth risk assessment to identify critical risks impacting the supply chain and developed a tailored risk management strategy.

Result: The implementation of the risk management strategy resulted in significant improvements in the company’s operations, leading to a marked reduction in the adverse effects of identified risks, and improved cost efficiency.

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Talk to Our Expert

The geopolitical volatility in the post-COVID era has drawn importance to procurement strategy, especially in terms of ensuring a secure supply chain while achieving cost reduction. Our LCCS/BCCS analysis helps you maximize cost reduction.

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