Low Cost Country Sourcing
LCCS Services
Low-cost country sourcing (LCCS) allows companies to buy products from regions with cheaper labor and materials, reducing operating costs and improving profit margins. It helps diversify and de-risk the supply chain while enhancing efficiency. As a key part of corporate strategy, LCCS is prioritized in procurement for its cost-saving potential, provided it doesn’t compromise quality or supply reliability.
With ComplianceXL, you can identify all the best-buy parts and materials for Low Cost Country Sourcing (LCCS). In shortlisted items, the ComplianceXL team identifies vendors from low-cost regions. As a result, the client’s preferences or legal trade restrictions are also considered to determine target geographies.
As an example, in Asia, we typically target China, India, Indonesia, or Vietnam. In the Americas, it might be Brazil, Mexico or Bolivia.
ComplianceXL has a very efficient vendor identification process with a deep understanding of global supply bases from a variety of geographies. In addition to vendor prequalification, Our sourcing team prepares RFPs and RFQs, and acquires quotes on the client’s behalf. The ComplianceXL Team provides the Client with a consolidated report that summarizes all the information received. This report includes recommendations, pros and cons of the different supply options, and also considers key supply chain factors such as lead times, MOQ, logistics costs, etc.
We offer comprehensive support in purchasing materials, from coordination to on-site delivery, leveraging our industry expertise for professional results. Additionally, ComplianceXL offers sustainable LCCS programs, integrating LCCS into clients’ sourcing strategies. This includes developing ongoing programs and providing direct support with an offshore virtual team to manage LCCS effectively.