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Glossary entry

English term or phrase:

cost leading sources

English answer:

lowest cost sources

Added to glossary by Martin Riordan
May 9, 2011 14:57
13 yrs ago
English term

cost leading sources

English Tech/Engineering Engineering: Industrial
I'm translating a presentation by CFO of a major engineering company {making turbines, engines etc.). One of the slides says:

''Realising capabilities
Focus on execution

-Operating collaboratively and transparently with global supply chain
-Improving cost, productivity, working capital
-Focusing on Lean operations and working practices
-Moving parts to cost leading sources''

Are the ''cost leading sources'' suppliers offering parts at the lowest prices?

Any help would be greatly appreciated
Responses
4 +3 lowest cost sources
Change log

May 11, 2011 12:25: Martin Riordan Created KOG entry

Responses

+3
1 hr
Selected

lowest cost sources

I have just consulted my son, who works in a similar company in Brasil, and he confirms that "cost leading sources" means sources with the lowest cost for parts. Such countries, he tells me, are also know as BCCs, Best Cost Countries. Check out the link below...

So these positive adjectives, "leading" and "best", refer to low prices.
Reference:

http://www.procurementleaders.com/news/latestarticles/global-sourcing-capture-savings/

Peer comment(s):
agree Veronika McLaren
7 hrs
Thank you!
agree Thuy-PTT (X)
14 hrs
Thank you!
agree Phong Le
1 day 7 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you Martin."
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