When Should I Employ An India Sourcing Company?

I found many procurement decision-makers struggle with this question.
Here is my straightforward three-question methodology to decide about an India Sourcing Company.

Author: Rajneesh Kumar [LinkedIn Profile]

📌 Question 1:

Ask yourself, do you have India sourcing experience: If

→ already buying: consider 2
→ have experience: consider 1
→ you have no experience: consider 0

📌 Question 2:

Ask yourself, do you have a team to manage imports from India?

If your reply is:
→ Yes: Add 2 to the previous number
→ No, but can hire: Add 1 to the previous number
→ No & not planned: Add 0 to the previous number

📌 Question 3:

Ask yourself, What could be the estimated yearly import from India?

If your reply is:
→ in millions USD: Add 10 to the above sum
→ in few thousand USD: Add 5 to the above sum
→ a few hundred USD: Add 2 to the above sum.

You will get a number between 2 & 14. Right?

The Result

If your number is:

🎯 between 2 & 7:
I advise, use a sourcing company
[How does this work?: Click here ]

🎯 between 8 & 14:
I advise, use a sourcing company initially and, direct buy in the long run.
[How does this work?: Click here]

Additional Reading:

  1. How to get your Products manufactured & sourced from India?
  2. Source Quality Sand Castings from India.
For additional questions:

you may write to us at info@apogeesourcing.com

 

📍 Download the Macro Enabled Excel file of this decision tree here.

Note: An Excel file (with .xlsm extension) will download. Please choose ‘enable macro’ option after opening the file.