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When Should I Employ An India Sourcing Company?
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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]
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📌 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[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_single_image image=”3726″ img_size=”full”][/vc_column][vc_column width=”2/3″][vc_column_text]
📌 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[/vc_column_text][/vc_column][/vc_row][vc_row full_height=”yes”][vc_column width=”1/3″][vc_single_image image=”3727″ img_size=”full”][/vc_column][vc_column width=”2/3″][vc_column_text]
📌 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.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
You will get a number between 2 & 14. Right?
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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:
- How to get your Products manufactured & sourced from India?
- Source Quality Sand Castings from India.
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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.[/vc_column_text][/vc_column][/vc_row]
