 Low Cost Country Sourcing Globalization and the Internet are having a significant impact on spend management and compliance. In particular, sourcing organizations are now under continual pressure to penetrate new geographic markets while reducing inventory carrying costs. Low-Cost Country Sourcing (LCCS) is a corporate initiative driven by these ongoing pressures. It refers to the practice of sourcing of products from low-cost country suppliers for less than what they would pay their local suppliers.
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SA8000 is a global social accountability standard for decent working conditions, developed and overseen by Social Accountability International (SAI). Detailed guidance for implementing or auditing to SA8000 are available from its website. SAI offers training in SA8000 and other workplace standards to managers, workers and auditors. It contracts with a global accreditation agency, Social Accountability Accreditation Services (SAAS) that licences and oversees auditing organisations to award certification to employers that comply with SA8000.
It's important to realize that one of the more subtle aspects of culture has to do the way one thinks about how the world. The following table presents some of the differences between how the Chinese and the Western individuals think about culture and values.
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