About: Low-cost country sourcing

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Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. 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. Aside from price other reasons for engaging in global sourcing can include improved manufacturing capacity/ time frames, quality of goods, improved customer services and logistics benefits.

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rdf:type	video game
rdfs:label	Low-Cost Country Sourcing (de) Abastecimiento desde países con bajo costo (es) Low-cost country sourcing (en)
rdfs:comment	Low-Cost Country Sourcing (LCCS) ist in der Betriebswirtschaftslehre eine Methode, um Einsparungen zu erreichen. (de) El abastecimiento desde países con bajo costo (LCCS por su sigla en inglés) es una estrategia de aprovisionamiento en la que una empresa se abastece de materiales, productos y suministros de países con menores costos de mano de obra y de producción para reducir los costos de operación. La estrategia LCCS se enmarca en una amplia categoría de esfuerzos de compra denominada abastecimiento global. El principio fundamental que subyace a la LCCS es la obtención de eficiencias de aprovisionamiento a través de la identificación y explotación del arbitraje de costos entre geografías. (es) Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. 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. Aside from price other reasons for engaging in global sourcing can include improved manufacturing capacity/ time frames, quality of goods, improved customer services and logistics benefits. (en)
dcterms:subject	International trade Global business organization Procurement
Wikipage page ID	7255899 (xsd:integer)
Wikipage revision ID	1104398414 (xsd:integer)
Link from a Wikipage to another Wikipage	Cambodia Capital accumulation Product (business) Romania Migrant worker Profit margin International trade Bolivia Brazil Arbitrage Hukou system Hungary Ukraine Vietnam Russia Offshore company Global business organization Malaysia Singapore PEST analysis Technology Offshoring Bulgaria Wages Agriculture Albania Czech Republic Economic growth Ernst & Young Ethiopia Global sourcing Resource curse Procurement Productivity International trade Thailand Five-year plans of the People's Republic of China Labor force Offshore outsourcing Procurement China Workforce Philippines India Indonesia Mexico Middle income trap Operating expense Rural Social welfare Raw materials Urbanization Offshore software R&D Lewis Turning Point Labor shortage Labour costs Production costs East Europe Living costs Subsistence Surplus labor dbr:High-cost_countries dbr:Low-cost_countries
Link from a Wikipage to an external page	http://www.ecns.cn/business/2012/09-26/28372.shtml
sameAs	Low-cost country sourcing Low-cost country sourcing Low-cost country sourcing Low-cost country sourcing Low-cost country sourcing
dbp:wikiPageUsesTemplate	dbt:Citation_needed dbt:Cite_news dbt:Reflist dbt:Short_description
has abstract	Low-Cost Country Sourcing (LCCS) ist in der Betriebswirtschaftslehre eine Methode, um Einsparungen zu erreichen. (de) Low-cost country sourcing (LCCS) is procurement strategy in which a company sources materials from countries with lower labour and production costs in order to cut operating expenses. LCCS falls under a broad category of procurement efforts called global sourcing. The process of low-cost sourcing consists of two parties. The customer and the supplier countries like US, UK, Canada, Japan, Australia, and West European nations are considered as (HCC) whereas resource rich and regulated wage labor locations like China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations are considered (LCC). In low-cost-country sourcing the material (products) flows from LCC to HCC while the technology flows from HCC to LCC. The primary principle behind LCCS is to obtain sourcing efficiencies through identifying and exploiting cost arbitrage between geographies. Aside from price other reasons for engaging in global sourcing can include improved manufacturing capacity/ time frames, quality of goods, improved customer services and logistics benefits. (en) El abastecimiento desde países con bajo costo (LCCS por su sigla en inglés) es una estrategia de aprovisionamiento en la que una empresa se abastece de materiales, productos y suministros de países con menores costos de mano de obra y de producción para reducir los costos de operación. La estrategia LCCS se enmarca en una amplia categoría de esfuerzos de compra denominada abastecimiento global. El proceso de abastecimiento de bajo costo consta de dos partes. El cliente y los países proveedores, como Estados Unidos, Reino Unido, Canadá, Australia y los países de Europa Occidental, se consideran países de alto costo (HCC), mientras que los lugares ricos en recursos y con mano de obra regulada, como China, India, Indonesia, Bolivia, Brasil, Rusia, México y los países de Europa del Este, se consideran países de bajo costo (LCC). En los países de bajo costo, los materiales (productos) fluyen de los países de bajo costo a los de alto costo, mientras que la tecnología fluye de los países de alto coste a los de bajo costo. El principio fundamental que subyace a la LCCS es la obtención de eficiencias de aprovisionamiento a través de la identificación y explotación del arbitraje de costos entre geografías. Aparte del precio, otras razones para participar en el aprovisionamiento global pueden ser la mejora de la capacidad de fabricación y los plazos, la calidad de los productos, la mejora de los servicios al cliente y las ventajas logísticas. (es)
gold:hypernym	Strategy
prov:wasDerivedFrom	wikipedia-en:Low-cost_country_sourcing?oldid=1104398414&ns=0
page length (characters) of wiki page	9054 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Low-cost_country_sourcing
is Link from a Wikipage to another Wikipage of	Offshore company Contract manufacturer Climate change in Europe Clothing industry Help desk software Offshoring Global sourcing Cost reduction

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