China Sourcing: Be VERY Careful How You Measure Savings
Even after all these years of the global sourcing evolution and rising China prices, I still can’t believe what I read from some consultants when it comes to on-the-ground savings numbers in the manufacturing area. Take a recent p…
Thinking Through the Procurement Implications of a Rising RMB
In the past couple of weeks, there’s been an abrupt turn of events around the RMB, (from US pressure, and Chinese push-back) to a state where China appears ready to let the RMB rise. A recent Financial Times article shares some of the global currency and monetary implications that an appreciating RMB may bring. But […]
When Buying and Selling in “Local Currency” Takes on a New Meaning
When we usually think of buying in local currencies, most procurement and finance minds think about denominating contracts in local currencies (e.g., RMB) rather than in the dollar or Euro. But the concept of local currency takes on an entirely diffe…
