Challenges and Solutions
Sourcing internationally requires a combination of strategy, coordination, and tenacity to start the production process. Global sourcing means finding the best supplier to make the product on time, on budget, and with the quality standards that good companies have come to expect. Sourcing is an ongoing effort that requires close collaboration between companies and suppliers.
In today’s highly competitive and fast-paced business environment, sourcing and procurement has become a point of differentiation for companies to excel in the marketplace. Improving the supplier selection and management process and effectively communicating the details of the product’s design, materials and other specifications can positively affect the rest of the supply chain’s performance.
By streamlining supplier onboarding and management processes, companies can jumpstart the sourcing phase and optimize their supplier selection decisions, including taking advantage of preferential trade agreements. To achieve global sourcing objectives, companies must have complete access to costing and sampling information, ensuring the product quality and cost are in scope before issuing orders. Companies who have consistent and timely access to supplier and product information can lead the pack in bringing goods to market.
Our Global Sourcing solution provides the ability to:
- Take all international sourcing factors into consideration for procurement and sourcing organizations
- Streamline supplier onboarding and management processes
- Optimize supplier selection decisions, including taking advantage of preferential trade agreements
- Share the bill of materials and product specifications online for real-time communication
- Compare sample and product cost to evaluate a range of product, duty and shipment costs
Supply Chain Collaboration
Today, supply chain collaboration between buyers and their overseas vendors is usually conducted with an unending merry-go-round of Excel documents, emails, last minute changes and zero visibility into the real-time status of orders and shipments.
We change that by providing a cloud-based platform that all parties access across the supply chain.
“Managing compliance in a rapidly changing global supply chain requires a tool that can help deploy policy and facilitate training, auditing and remediation for a large numbers of business partners, efficiently. Amber Road helps us do all of this so we can leverage our limited resources in the most effective, impactful way possible.”
Director, Global Ethics & Compliance
DICK’S Sporting Goods, Inc.
"With Amber Road's cloud-based platform, we improved our supplier and partner collaboration across all phases of the design-to-delivery process, which helped reduce costs, shorten cycle times, and increase supply chain flexibility.”
Vice President, Supply Chain Planning and Operations
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