Sourcing in international purchasing is an indispensable strategy for companies looking to expand their operations in the global market. By focusing on identifying, selecting, and partnering with suppliers around the world, this approach offers benefits beyond the simple acquisition of products or services.

Learn more about the subject below.

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What is Sourcing?

Sourcing is an essential strategy for companies seeking to expand beyond national borders. This process consists of identifying, selecting, and establishing partnerships with global suppliers, being a cornerstone for the success of businesses in the international market.

Why is Sourcing important?

• Diversity of options: Expands access to suppliers from different regions of the world, enabling the choice of solutions that offer the best cost-benefit.

• Cost reduction: Enables negotiations with more competitive prices and identifies opportunities for savings at various stages of the process.

• Quality and innovation: Allows the acquisition of cutting-edge products and technologies, raising quality standards and promoting innovation in internal processes.

• Supply stability: Minimizes risks by diversifying supply sources, ensuring greater security in scenarios of economic or logistical instability.

• Operational efficiency: Optimizes procurement and logistics processes, resulting in faster deliveries and more efficient operations.

Adopting sourcing as part of the international purchasing strategy is a crucial step for companies that want to stand out in the global market and build a solid foundation for sustainable growth.

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Avoid mistakes when importing!

Having a specialized import consultancy can save you from many future risks. See what Genco Import & Export can do for you:

• Sourcing your product to find the best value for your product.
• Simulating all costs before you embark on this journey.
• Negotiating values with suppliers, freight forwarders, and customs brokers.
• Unifying all documents. Less headache for you!
• Closing the exchange rate for your process.
• Conducting inspections and issuing complete reports for your follow-up.

And much more!

Count on Genco for the best advisory for your imports.

Contact us and learn more about our services!