Fit2Procure

As a first overview of the target country, this analysis shows you important indicators (source: Worldbank) of the target country compared to the indicators of Switzerland. This helps you to assess the attractiveness of the target country compared to the situation in Switzerland. 

The two digit ISO country codes are used

The latest data from the World Bank server will be shown. If no data is available, an error message is shown. 
You get the detailed explanation by clicking on the arrow on the line of the indicator.

The app supports the user to analyze the sourcing attractiveness of a country and the capability of a company to source internationally. The questionnaire will lead you through the weighting and evaluation of the following questions.

1.  List of the questions used in Fit2Procure™ regarding the sourcing attractiveness of a country
 

• How do you asses the political and economic stability of the target country?
• How big is the risk of copyright infringement in the target country?
• How big are the cultural differences between the target country and the home country?
• How easy is it to do business in the target country?
• Is there any local support available in the target country? (Swiss Business Hub, Chamber of Commerce, commercial ones, etc.)
• How easy is it to enforce contracts in the target country
• What is the average inflation rate of the target country?
• How stable is the relationship of the currencies of the home country and the target country?
• What are the expected annual wage increases?
• What are experiences of other companies doing sourcing in the target country?
• How well are the logistics developed in this country?
• What are the transport prices from the target country to the home country? What are the taxes and fees?
• Other questions? Which other factors define the sourcing attractiveness of the country?
• Other questions? Which other factors define the sourcing attractiveness of the country? 

2. List of the questions used in Fit2Procure™ regarding the capability of a company to source internationally
 

• Is the planned global sourcing in line with the company strategy and policy?
• Is there adequate management capacity to give enough management attention to the development in the target country?
• Is there any end customer impact to be expected due to a global sourcing strategy?
• Can we handle delivery interruption? What are any delay impacts on our fulfilment process?
• Is there an issue with intellectual property?
• How critical are quality or quantity issues regarding the sourced product?
• Do you know exactly what you want in terms of Specification, Requirements, Quality standards, Packaging?
• Do you have a business plan template comparing cost savings to higher costs due to supplying in foreign countries?
• Are you aware of the overall costs which will arise in international sourcing (e.g. additional process costs, costs of contact with supplier …)?
• Do you have people knowing the business language and culture of the target country?
• Do you have the know-how and experience needed to evaluate and collaborate with the global sourcing partner?
• Do you have skills, manpower and proper metrics to perform proper quality control? 
• Do we need to collaborate with inspection partners? Do we need on-site representation in the target country?
• Other questions? Which other factors define your ability to procure internationally? 
• Other questions? Which other factors define your ability to procure internationally?

List of the questions used in Fit2Procure™ regarding the high level evaluation of potential suppliers in the target country
 

• The questionnaire will lead you through the weighting and evaluation of the following questions. How do you rate the potential communication with this company in terms of quality, delivery, responsiveness? Will it be smooth or problematic?
• What is your overall on-site impression of the specific supplier? Is there reliable transparency (communication, production, processes, costs…)?
• Is this a proven supplier with a referable reputation? 
• How would you rate your importance as a customer? Is the supplier genuinely interested in working with you?
• Are there any sustainability processes implemented?
• Is the supplier certified according to ISO standards, e.g. ISO 9001?
• Is the supplier Incoterm compliant?
• Is the confidentiality of all agreements assured on the supplier side?
• How would you rate the actual product quality? Is the supplier willing to send samples? Is there any quality control at all?
• How do you rate the flexibility of the supplier regarding number of products bought, product changes, safety stock, delivery times, etc.?
• Is the supplier able to deliver on his promises?
• How would you rate the labor conditions in terms of fairness and safety?
• Other questions? Which other factors define for you the quality of a potential supplier?
• Other questions? Which other factors define for you the quality of a potential supplier? 

Based on your answers you will get four results
 

1. Overview of assessment 
2. SWOT: Strengths, Weaknesses, Opportunities, Threats
3. Sourcing attractiveness / capability to source internationally
4. High-level evaluation of potential suppliers   

The results of this assessment are used to define the next steps regarding sourcing projects in the analyzed target country
 

1. Overview of assessments
2. SWOT: Strengths, Weaknesses, Opportunities, Threats
3. Sourcing attractiveness / capability to source internationally – matrix
4. High-level evaluation of potential suppliers