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The British East India Company : Global Sourcing Management

 
The British East India Company | Global Sourcing
 

The British East India Company understands the differences between trading within the UK and trading with overseas suppliers. Typically, these include language barriers, culture and social constraints, payment methods and increased paperwork requirements. However, with a little help and planning these challenges can be overcome.

Overcoming trade barriers

Widening your purchasing and retailing to the international market can give you a significant competitive advantage. Using overseas suppliers can lower your input costs and give you access to specialised goods and materials that may not be available in the UK. Likewise, Suppliers in developing countries may be cheaper but it may be more difficult to resolve any problems. You may have to expect a trade-off between prices and levels of regulation and protection.

The British East India Company can takes you through the key steps in finding and selecting overseas suppliers, and explain what to look for in terms of payment methods, drawing up contracts and understanding cultural trade implications.

Building trusting overseas relationships

The British East India Company knows the key to a trusting relationship is to build trade slowly and leave nothing to chance.
We can help you draw up written contracts that are clear and unambiguous and advise you on a project-by-project or shipment-by-shipment basis. As your relationship develops we can help you move to longer contract periods and potentially be able to negotiate better terms.

 
     
 
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