How long will it take for my outsourcing project to yield significant savings?
For companies who are new to this process it may take 12 to 18 months. Companies must investigate supplier backgrounds, references, negotiate pricing, understand foreign rates of exchange, ensure their quality standards are being met and determine the best way to package and ship through China and US Customs. What are the best products to outsource from China? Almost any manufactured item can be sourced in China. However, the products that will provide the greatest savings are those with high labor content, raw material content and relatively low transportation costs (low weight and volume). In some instances your direct cost may be reduced up to 60%.
