Understanding Offshoring, Onshoring, Nearshoring, and Rightshoring in Procurement
Una
OCTOBER 12, 2023
Avoiding a one-size-fits-all approach, it aims to identify the “right” location or mix of locations for sourcing based on factors like cost, quality, lead times, and risk mitigation. Rightshoring considers the specific needs and goals of the organization to create a tailored procurement strategy.
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