Low-Cost Country sourcing (LCCS) is a procurement strategy in which a company uses foreign companies with lower wages to produce resources for manufacturing. By finding companies countries with lower labor and production costs that operate on leaner budgets than domestic operations, a company may be able to acquire materials and reduce operational expenses. Low-cost country sourcing is a part of a company's global sourcing strategy. It is also called outsourcing or international procurement organization (IPO).
Source: http://www.businessdictionary.com/definition/low-cost-country-sourcing-LCCS.html#ixzz2BIrG7ujm
Rating
|
Average rating:
3.6
Number of Ratings : 5
|
|
|
|
View Topic History
|