eyeforprocurement 2007 Sourcing in Low-Cost Countries Report Just Released

eyeforprocurement 2007 Sourcing in Low-Cost Countries Report highlights many problematic issues that companies must tackle in order to get the best out of their sourcing operations in low-cost countries.

Chicago, IL (PRWEB) April 10, 2007 -- The eyeforprocurement 2007 Sourcing in Low-Cost Countries Report highlights many problematic issues that companies must tackle in order to get the best out of their sourcing operations in low-cost countries.

185 procurement professionals responded to the recent eyeforprocurement survey -- senior executives from manufacturers, retailers and 3PLs operating in various industry verticals. Based on the responses to the survey, it is evident that while sourcing in low-cost countries is certainly a viable proposition, there are a number of issues that are sometimes not apparent at the outset.

The eyeforprocurement 2007 Sourcing in Low-Cost Countries report examines the key drivers for sourcing in low-cost countries, as well as the risks involved. The report also compares the findings with the last year's research.

Just over half of the respondents cited "lower labour costs" as their primary reason for sourcing in low-cost countries, and 43% said lower material costs is a major reason. The gap between these two drivers has widened since last year's 48% and 47% respectively. A third of the respondents are under pressure from customers to reduce prices, compared with 42% last year. The percentage of respondents sourcing raw materials in low-cost countries has dropped from almost half last year (48%) to just over a quarter this year (27%). Less than 20% use low-cost countries as a source of IT, information & research and other commercial services. Almost half of all respondents cited "trade regulations" as the biggest obstacle, compared with 37% last year. The biggest positive change since last year's survey is "poorly developed infrastructure", with this being an obstacle for less than a third of the respondents, compared with almost half last year.

The eyeforprocurement 2007 Sourcing in Low-Cost Countries Report is available for download at http://www.eyeforprocurement.com/lccs2007/report.shtml

Much of the data gathered in this report will be discussed and debated at the 2nd eyeforprocurement Low-Cost Country Sourcing conference, which takes place on August 29 - 30, 2007 in Chicago.

The conference will bring together an unrivaled set of expert speakers. Top procurement executives from successful LCCS global giants, including Pfizer, Gap, IBM, Novartis, Home Depot, ArvinMeritor and Danfoss, to name but a few, will guide the delegates through the elements of successfully building and increasing their sourcing capability.

On Day One, the delegates will discover how to identify and avoid sourcing initiatives that are destined not to deliver the cost savings and profits that are so enticing at first glance. They will also get a better understanding of the risks and costs of even longer and more complex supply chains. Day Two of the conference will then deliver hard-hitting interactive sessions that are topical and targeted to procurement executives' needs. Session by stimulating session, delegates will learn how to take into account all the critical factors - including time to market, risk of disruption, physical supply chain risk - and then create a range of "what-if" scenarios.

The 2nd eyeforprocurement Low-Cost Country Sourcing conference is the only event in America at which global procurement leaders show their industry colleagues how to develop a Low-Cost Country Strategy to streamline procurement processes and slash costs. That's everything what every procurement professional needs to know about LCCS in just two information-packed days.

You can reserve your place at the Conference by registering at http://www.eyeforprocurement.com/lccs2007/register.shtml

To download the Conference brochure, please visit http://www.eyeforprocurement.com/lccs2007/brochure.shtml

The eyeforprocurement 2nd Low-Cost Country Sourcing conference takes place on August 29-30 in Chicago, IL, USA. For more information on the conference, see http://www.eyeforprocurement.com/lccs2007/index.shtml or contact Izabela Janecka at izabela(at)eyeforprocurement.com , US toll-free 1 800 814 3459 ext 252 or +44 (0) 20 7375 7564.

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