Overseas sourcing is the purchase of goods or services from suppliers in foreign markets, usually where ocean or air transport separates the supplier from the buyer. The phrase is commonly used for imported physical goods.
How Overseas Sourcing works in a sourcing process
Build the timeline backward from the required delivery date. Sampling, production, inspection, export clearance, main carriage and import clearance each need an owner and an allowance.
| Area | What to record |
|---|---|
| Decision | Build the timeline backward from the required delivery date. Sampling, production, inspection, export clearance, main carriage and import clearance each need an owner and an allowance. |
| Evidence | Check the factory or service location, export capability, packaging, inspection plan, freight assumptions, customs requirements and beneficiary Bank details. |
| Watch point | The main cost is rarely the quoted unit price alone. Delays, rejected goods, rework and urgent freight can erase an apparent sourcing saving. |
What buyers should verify
Check the factory or service location, export capability, packaging, inspection plan, freight assumptions, customs requirements and beneficiary Bank details.
The main cost is rarely the quoted unit price alone. Delays, rejected goods, rework and urgent freight can erase an apparent sourcing saving.
