Outsourcing to Low Cost Countries (LCCs) in procurement is the practice of purchasing goods and services from countries where labor and operational costs are lower than those of the buyer’s home country. An organization or business can achieve economies of scale and improve their bottom line by taking advantage of favorable exchange rates, reducing travel costs, or cutting down on certain overhead expenses. By outsourcing some processes and activities to LCCs, businesses can reduce time to market while increasing the speed at which they can reach their goals. However, it is important to be aware of the potential risks associated with sourcing in volatile markets. It’s essential to conduct proper cost-benefit analyses and research supplier capability before entering into any agreements.