Mid-West’s Top Sourcing and Supply Chain Executives to Convene

from prweb.com

The Best Practices Xchange (www.BestPracticesXchange.com) is scheduled to meet on Friday, August 24, 2007 for a one day summit in Chicago which will be attended by a “Who’s Who” of the Midwest’s top Strategic Sourcing, Procurement, and Supply Chain Executives. The upcoming meeting will focus on the challenges posed by Low-Cost Country Sourcing (LCCS).

Acting on growing competitive pressures, many companies have developed supplier relationships and relocated manufacturing operations or services to Low-Cost Countries, lured primarily by the low labor costs and revenue potential. While increasing procurement expenditures in those markets have yielded significant savings, many companies are finding that they face unexpected risks and major supply chain challenges which may offset the benefits.

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