WE HAVE BIG NEWS TO SHARE!!!

We are very excited to inform you that our TPML Team has a big trip coming up.

Our team is always on top of everything that happens around our clients and we look for ways to deliver excellence.

We travel to evaluate new factories, maintain relationships, and discuss new business. We build our business around this investment of time and money.

This trip is to evaluate factories in Vietnam, Taiwan, and South Korea. Watch this space for updates from our team's trip:

https://www.linkedin.com/company/total-product-management-ltd/

"Excellence reflects your dedication, determination, and perseverance." -Mark F. LaMoure.

6 Good reasons to outsource your company.

Companies use outsourcing to cut labor costs and business expenses, but also to enable them to focus on the core aspects of the business.

Seeking the wonderful balance between high results and cost-effectiveness. You can grow your business. Outsourcing gives access to talent all over the world and expands your search. When you start looking at the benefits of outsourcing, you start enjoying the quality you always expect.

Do what you do best, and outsource the rest. - Peter Drucker

Let us start with good reasons to outsource your company:

1. COST SAVINGS

2. IMPROVED QUALITY

3. FLEXIBILITY

4. TIME TO MARKET

5. INVENTORY CONTROL

6. ECONOMIES SCALE

Outsourcing definitely improves the productivity and efficiency of the company.

A Brief History of Outsourcing’s Rise in International Trade

Outsourcing emerged in the 1950s, but it wasn't until the 1980s that it began to be perceived as an attractive business strategy. The growth of outsourcing in the 1980s was largely driven by the “focus on core competency” strategy that was developed in the 1970s.

Outsourcing is a business practice in which a company hires a third party to perform tasks, handle operations or provide services for the company.

The management of these companies by a third party facilitates the entry of more negotiations, and this leads to higher revenues. As we know there can be disadvantages, this comes in all types of work, from student to corporate.

For example:

Loss of control

Public Opinion

Personnel Difficulties

Lower Quality

Security Risks

Clearly as in any business. We seek to provide the best quality humanly possible to reduce the workload internally and highly scale the productivity of the business.

But what better motivation, than the current changes in business, in the marketplace, which is occurring at a high rate? Companies are much more prepared to face any adversity.

Quality isn't expensive, it's priceless.

International Business

Participation in international business allows countries to take advantage of their comparative advantage.

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“Play by the rules, but be ferocious.” – Phil Knight

Outsourcing delivers international trade benefits in terms of business performance, national economic prospects, and global economic vitality.

Some importance of International Business:

• Encourages economic expansion.

• Increases a company's ability to compete.

• Creates new employment.

• Spreads cutting-edge technology.

• Contribute to the nation's resources.

• Promotes the interaction and enrichment of cultures.

The digital world has kept us more connected to all international businesses. Connections are becoming intense. There are many ways to give a boost to the economy.