Low-cost country sourcing
- Low-cost country sourcing
Low-cost country sourcing (LCCS) is a procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. [ [http://www.europeanleaders.net/learninggroups/global-sourcing/22547/22551/ Global Spend Management Survey: European Strategies for Low-Cost Country Sourcing] ] LCCS falls under a broad category of procurement efforts called global sourcing.
The primary principle behind LCCS is to obtain sourcing efficiencies through identifying and exploiting cost arbitrage between geographies.
References
2. [http://www.capital-intel.com Professional LCCS Sourcing & Tender Management Services: Based in Asia]
ee also
* Global sourcing
* International trade
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