new way of
sourcing
Modern Sourcing Climate
PROCUREMENT SKILLSET
While procurement departments have made substantial progress digitally transforming individual sub-processes such as Bids, RFQs, supplier collaboration, and catalog buying, in many instances the full potential of end-to-end sourcing has not yet been realized. Primarily because global sourcing is not a skill most procurement specialists do not have experience or the team globally to support.
To succeed in today’s very competitive environment, businesses and procurement teams need to develop a domestic and global strategy that threads together different procurement and supply chain sub-processes into a holistic workflow that maximizes the value procurement departments deliver for the business.
THE TROJAN COMPETITOR
Todays sourcing climate is much different than it was even 4 years ago. Billion-dollar companies are specializing in digital marketing in the US to drive sales on volume previously not considered worth globally sourcing. They facilitate importing as few as 100 units of a widget. Traditional sourcing revolved around importing a minimum of 2300 cubic feet or 64 CBMS. Small unit importing dynamics increase the number of competitors you face drastically. Instead of competing with a local brick & mortar and amazon; now you compete with companies globally trying to reach your customer digitally. These factors increase your need for a global sourcing strategy in addition to your domestic supply model.
MAKING IT EASY TO DO BUSINESS
The vision from co-founder Paul Kotsakos was to level the playing field for our clients by leveraging technology to grow and compete in the domestic and global economies. Paul recognized businesses had a distinct disadvantage if they did not have a global sourcing team supporting products where global sourcing is the primary supply model to the market. Many large domestic enterprises have made a business out of sourcing overseas and reselling in the US. In today’s economy, unnecessary layers in the supply chain loses deals. Southern Sourcing utilizes our underlying technology infrastructure and global team to help merchants, brands and businesses that provide products, services leverage the power of prime sourcing to engage with clients, delivering better value and uniqueness over the competition.
NEW WAY OF SOURCING
(Detailed Sourcing + Flex Logistics) X Controlled Oversight = New Way Of Sourcing
Detailed Sourcing
Detailed sourcing begins with proper product profiling, from here we aggregate all relevant details and begin the sourcing process.
Flex Logistics
Flex logistics take into account the product profile, Order Quantity, and forecasted demand. Ultimately determining the lowest risk and cost transportation options by ocean, air, train, truck, and drone.
Controlled Oversight
Our global team manages the process while our domestic team delivers visibility to you. Ensuring you know all options, recommendations, and ultimately status of your goods every step of the way.