5 Benefits Global Sourcing Organisations Can’t Afford to Ignore

No matter your organisation’s size or the volume of your order, there is no question that global sourcing can dramatically increase your profits.

Many companies are still making procurement decisions based mainly on unit cost. But the global explosion of technology, well-educated workers, and capital has made it possible to literally have the entire world competing for the opportunity to sell to your business.

For most big corporations, global sourcing is not a matter of choice, but of necessity. The days of simply finding the best contract you can with suppliers with whom you frequently interact are gone. Now, you can partner with suppliers from across the globe.

Mawson Global understand the benefits of global sourcing – after all, we’ve been helping companies with it for more than a decade. However, we recognise that you might still need a little convincing. So, here are five advantages of global sourcing that you can’t afford to overlook.

• A reduction in costs, especially labour costs. Most Mawson Global clients save at least $100,000 on their first project, and their savings are typically 40 to 70 percent of domestic prices. In 2012, we saved our clients more than $19 million.
  
  
• Access to fresh research, design, and specialised intellectual capital.
  
  
• Availability of new technology and capacity. A number of companies source overseas because domestic suppliers lack the capacity and they’re not making the necessary investments to stay competitive.
  
  
• Superior quality. Many companies praise the quality of internationally sourced products compared to domestic products, mainly because of supplier investment in technology and capacity to attract global business.
  
  
• Companies can focus on their core processes and have more capital to invest in them.
  
  

Whatever product you’re seeking, Mawson Global can find you a reliable, more cost-effective overseas supplier. We have professional teams on the ground in Asia that help businesses around the world safely minimise any risks involved in global purchasing.

Mawson Global is confident that we can assess your potential cost-savings without disrupting your supply chain. We are not broker-agents; our services are fee-based, and we work without taking a commission. Our research and advice are completely independent and unbiased.

Utilising our services for your global sourcing needs is a simple process that provides you with all the information, feedback, and recommendations you need to successfully source your company’s products.

Want to know if Mawson Global sourcing is right for your company? Take our 10-product challenge. We’ll ask you to name five to 10 products that you now buy from an importer, and then we’ll work to find those items from a cheaper global supplier. The input is minimal – all it takes is a few minutes of you time – but the benefits will likely be substantial!

For more information about how Mawson Global can help you with all your global sourcing needs, please contact us online!

4 Steps of Working with Mawson Global

Global sourcing offers companies a wealth of cost and time saving benefits that strengthen their businesses, improve revenue, and drive growth. However, to fully take advantage of these benefits, you need a reliable partner that can help you navigate the global sourcing process and ensure you’re getting the best value and highest quality products.

As a leading authority on global sourcing, Mawson Global offers a comprehensive array of services that allow you to better source your products, and provide peace of mind that you’re working with trustworthy and affordable suppliers.

Utilising our services for your global sourcing needs is a simple, easy, four-step process that provides you with all the information, feedback, and recommendations you need to successfully source your company’s products.

Step 1 - QuickLook Analysis

A QuickLook Analysis provides an overview of the potential savings your company can experience for a specific product by working with Mawson Global. This free report provides general product specifications, approximate annual volume, cost of ownership information, total annual savings, and more. To get your free quick look analysis, simply take our 10 Product Challenge online, and you’ll receive your report within 10 days.

Step 2 – Research Project
Mawson Global’s research project provides a comprehensive analysis of a specific product to be sourced. Just fill out our sourcing request document, which includes project specifications, such as volume and prices. We then perform detailed research on sourcing the product by reviewing 30 to 40 potential suppliers and narrow them down to the top three based on your specific criteria and our proven selection process. We then compile all the information you need to choose a supplier, including estimates, ratings, and next steps. We also collect samples from each supplier so you can compare the quality of each company’s product. Within three weeks, you’ll receive a complete report for one low flat fee. 

Step 3 – Supplier Visits

With our local sourcing professionals as your guides, Mawson Global accompanies you to supplier visits so you can speak directly with potential partners, identify opportunities, and conduct in-house audit procedures. These visits offer you a chance to see potential suppliers, and their operations, first-hand before selecting one that best meets your organisation’s needs. Our supplier visit assistance is available for an affordable daily rate. We can also have one of our local directors visit suppliers on your behalf if you’re unable to make the trip. 

Step 4 – Sourcing Project
Once you’ve selected the right supplier, you need to make sourcing your product a reality. When you choose Mawson Global for your sourcing project, we streamline the entire process by managing every aspect – from product design to delivery – for one flat fee. We assist you in finding and working with trusted experts on important facets of the sourcing process, including contract negotiations, compliance and local laws, quality control, labelling, supply chain logistics and shipping, and setting up procedures. We are with you for every step in the process and act as your organisation’s global sourcing team.

Mawson Global has been in the global commerce business for more than 70 years, so we understand the complexities of the sourcing process, how to navigate them, and ultimately make your company a global player. Our goal is always to ensure you save money by globally sourcing your products, and find a reliable, cost-effective, overseas supplier that can be a long-term asset to your company.

For more information on our global sourcing services, please contact us via our website or call 1300 723 246.