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The toymaker's bold decision to serve Europe and Asia from the Czech Republic cut logistics costs by 20 percent. But bringing the new operation up to Western European standards wasn't exactly child's play.
Your usual ways of doing business and managing suppliers may not be effective in China. Here's advice on developing and maintaining strong supplier partnerships in this important trading nation.
Forget low-cost country sourcing as a strategy. Today, a comprehensive approach to procurement requires that companies also consider total supply chain costs and lead times. This means that the most profitable source may be close to home.
Trading partners have a vested interest in working together to minimize risks that disrupt their businesses. Here's why they should share that responsibility.
Small shipments can be costly and inefficient in China. A test of compact cargo containers shows how China's railways can improve shipment security while dramatically cutting transit times for small loads.
When changes in wafer fabrication added more links to Texas Instruments' supply chain, the semiconductor maker responded by streamlining its operations.
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