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Global Procurement Study Finds Companies Unprepared to Manage Increased Sourcing From China and India Effectively; By 2009, Study Says, 72 Percent of Companies Will Source From China - More Than From Canada, Mexico and Western Europe - vs. 30 Percent in 1999.
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PR Newswire
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February 2, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, Feb. 2 /PRNewswire/ -- The dramatic increase in sourcing of goods and services from low-cost supply markets such as China and India has not been matched by growing knowledge and understanding of these markets, according to global management consulting firm A.T. Kearney's latest Assessment of Excellence in Procurement.
The study of procurement practices at 275 international companies, the largest and most comprehensive global procurement study conducted to date, found that as companies chase offshore sourcing savings, they are not effectively evaluating the risks nor cultivating the necessary skills associated with overseas sourcing efforts.
The number of ...
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