Low-cost country sourcing

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Low-cost country sourcing (LCCS) is a procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses.^[1] LCCS falls under a broad category of procurement efforts called global sourcing.

The primary principle behind LCCS is to obtain sourcing efficiencies through identifying and exploiting cost arbitrage between geographies.

[edit] References

1. ^ Global Spend Management Survey: European Strategies for Low-Cost Country Sourcing

2. Professional LCCS Sourcing & Tender Management Services: Based in Asia

[edit] See also

• Global sourcing
• International trade