Companies commonly over-estimate how much they will save by implementing low-cost-country sourcing strategies, says Beth Enslow, senior vice president for supply chain risk management at Marsh Inc. Compounding this mistake is a failure to understand how inflation and other factors can quickly erode savings that are achieved. Leading companies, she says, are taking a hard look at their sourcing policies to identify potential problem areas. Enslow explains what to look for and how to use technology to make lower-risk sourcing decisions. [Run Time (Min): 5:49]
Enjoy curated articles directly to your inbox.