Subcon is firmly established as the must-attend event for subcontract manufacturing professionals across all industry sectors, looking to source suppliers, benchmark capabilities and secure the right partners to help them remain competitive in a global market.Darian
, one of the UK’s leading global sourcing companies, will be exhibiting at Subcon 2019 and would like to invite all attendees and exhibitors at this year’s show to visit their stand E13 and learn more about how global sourcing can be a key part of their supply chain strategy.
To get you started, Darian have listed 4 ways global sourcing could benefit your business ahead of Subcon 2019:
1. Better Value for Money
As long as a company works in conjunction with a reliable and experienced global sourcing partner, it’s possible to get much better value for money. Sourcing engineering components from overseas suppliers of quality CNC machined components, stamped parts, castings, pressings and welded assemblies means that companies can often save money over the cost of sourcing them domestically. The opening up of the global market has meant that businesses can now take advantage of lower labour and manufacturing costs overseas. They can therefore increase their profits.
2. A Greater Production Capacity
When a company sources product from a lower-cost location, it’s possible to benefit from their well-developed manufacturing infrastructure which enables larger numbers of products to be produced in a short space of time. When turning to lower-cost countries to obtain products, it also enables product manufacturing to take place in several locations, thus multiplying production capacity.
3. High-Quality Products
When using a reliable global sourcing company, it is possible to obtain a guarantee of high-quality products. Experienced global sourcing companies have a strong network of trusted local partners who are able to ensure every aspect of quality control has been covered. Despite the lower cost of sourcing from overseas, there will never be any compromise on quality.
4. The Chance to Tap into New Resources And Skills
Global sourcing can also offer companies the opportunity to tap into new resources and skills which overseas employees have yet which are absent or in short supply in the domestic market. By harnessing the potential available in the overseas marketplace, businesses can put themselves ahead of their competition through their access to this unique or difficult to obtain skillset.