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Low-Cost Country Sourcing
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Low-Cost Country sourcing (LCCS) is a procurement  strategy in which a company uses foreign companies with lower wages to produce resources for manufacturing. By finding companies countries with lower labor and production costs that operate on leaner budgets than domestic operations, a company may be able to acquire materials and reduce operational expenses. Low-cost country sourcing is a part of a company's global sourcing  strategy. It is also called outsourcing or international procurement  organization (IPO).


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