Sourcing

  • Sourcing

    Posted by Miriam Davidovic on September 6, 2021 at 1:32 pm

    National Sourcing

    What percentage of your company’s Cost of Goods Sold (including value-adding activities) was spent within the country of operations, from in-country registered companies or national citizens?

    80%+

    As per the attached Cost of Goods sold report for 2020 and 2021, all expenditures other than Import Purchases occurred within the company’s country of operations (Nepal).

    2021

    Import Purchases: 16,091.00

    Total COGs: 833,264.08

    Percentage: 2%

    Total National Sourcing for 2021: 98%

    2020

    Import Purchases: 666,131.00

    Total COGs: 2,823,996.00

    Percentage: 23.5%

    Total National Sourcing: 76.5%

    Margaret Mondlane replied 1 year, 4 months ago 2 Members · 1 Reply
  • 1 Reply
  • Margaret Mondlane

    Stakeholder
    September 6, 2021 at 4:00 pm

    I confirm the percentage is accruate based on financial information provided by Shah Hemp