| The thesis is aimed at introducing a circumstance that multi-national corporations(MNC) take more efforts for sourcing in China, also providing a fairly unique viewpointhow to cope with the problems, combined with writer’s years’experience in this business.With the background of the accelerated evolution of economic globalization, MNCsintrinsically expand business and intend to use internal and external resource at most, tomaximize profit and create more social benefit. Low cost country sourcing strategy isbecoming a critical approach to achieve competitive excellence. With a stable andsustainable development of Chinese economy, MNCs have been increasing sourcing extentyear by year, and set low cost country sourcing centers in the main cities of China. Thisthesis, using an example of MindsInSync (a leading position company for home decorationindustry in the world), analyzes and discusses its sourcing strategy and sourcingmanagement methods in China.By seeing through a dynamic growth for MindsInSync sourcing in China and thebusiness code, the writer will research and analyze the internal and external environment,and then conclude how they influence the sourcing business turning around in China andhelp figure out its advantage and disadvantage respectively. Also, against the currentorganization structure and business model, we will proceed to forecast the change ofsourcing strategy in China for a long run on purpose to maintain a sustainable competitiveexcellence in the industry.In addition, the article will describe the routine of sourcing management forMindsInSyn China in a rich and colorful manner. For instance, how to do the effectivesourcing management, particular how to avoid various risks for doing business in China,including raw material supply, exchange rate fluctuation, product life circle time andinventory control.Effective sourcing management has a similar reference to those growing enterpriseswho confront the same problem in implementing low cost sourcing in China. |
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