Global Sourcing Archives - Mechanical Power Inc.
2022 Outlook: At the tipping point

2022 Outlook: At the tipping point

2022 will almost definitely be an eventful year for trade, regardless of how it pans out. One of the first indications of direction of travel may be the Lunar New Year holiday in Asia, traditionally when factories (and thus exports) slow down. In 2022, this may give...
Strategic Sourcing in the New Economy

Strategic Sourcing in the New Economy

Today, the business landscape has become more competitive and supply chain professionals have to find new ways to cut back on costs and improve the quality of service at the same time. Strategic sourcing, at its core, is part of the procurement management that makes...
Benefits of hiring a Global Sourcing Company

Benefits of hiring a Global Sourcing Company

Global sourcing involves buying services, products or materials from suppliers or manufacturers from outside your own country. Although sourcing domestically has a number of advantages – namely, faster logistics, improved production control and a shorter time to bring...
Strategic Sourcing and Vendor Management

Strategic Sourcing and Vendor Management

Whether it’s a small startup with a few vendors or a multinational corporation with global outreach, strategic sourcing and vendor management are equally important. When it comes to strategic sourcing, the policies and processes you adopt serve as the foundation of a...
Domestic vs International Manufacturing

Domestic vs International Manufacturing

Are you planning to manufacture new products? If your answer is yes, then we have a few tips for you on how to select manufacturing company. When working with international supplier, It’s always a good idea to hire domestic manufacturer as a backup. Your local...