• Elksourcing:Quality Control When Source Products from China

    Elksourcing:Quality Control When Source Products from China

    China is called “the world factory” for its business ecosystem, huge labor pool and low production costs. As a result of focusing on production-oriented upstream and downstream in production facilities, materials, design, and freight transportation within a specific area, a close economic and technological cooperation circle has been established to reduce production costs and increase production efficiency.  China has a long list of producers, thereby leaving you spoilt for choice. You have the flexibility to choose a producer whom you think is best and as per your preference. However, one of the biggest issues is quality control, considering you stay tens of thousand miles away from the production line. In this article, I’d like to share some of my thoughts per my 20-year experience. 1. Understand the value of your products When you plan to source products from China, you must have a full understanding of the products. With the product value…

  • Elksourcing:Things to Consider for Choosing a Sourcing Company

    Elksourcing:Things to Consider for Choosing a Sourcing Company

    After several painful lessons of trying to “buy direct”, are you planning to hire a sourcing company for your business? If that is the case, then you are making a good choice. But, are you going to hire one just because you have heard how they can benefit you? You might end up selecting a wrong agency which cannot stand up to your expectations. However, there is always a way to determine what is right for you. So, here are a few things you should consider whilst you compare different sourcing companies. 1). Knowledge: A sourcing company needs to be acknowledged about every product they deal with. It will not be able to perform the tasks without proper knowledge. It is especially difficult for a sourcing company to move ahead with their work when their supposed specialization is technical items, such as mechanical or electrical products. Take this for an instance; your business…

  • Elksourcing:Pros and Cons of Sourcing from China

    Elksourcing:Pros and Cons of Sourcing from China

    Businesses in the west have always been on the lookout for profitable product sourcing opportunities. Sourcing and global procurement used to be concepts that just big businesses considered. However, now even those who are just starting out look towards developing countries to cope up with high material, labor, infrastructure and energy costs. Pros of Sourcing from the China 1). Lower expenses– This is one of the most obvious advantages of Chinese product sourcing. If the right strategies are followed, a business will definitely witness significant popularity. Some of the most significant expenses one can save are evident from the start. From better supplier rates, to lower labor, shipping and duties, business owners stand to gain a lot. Hence, sourcing in China can give you better value than manufacturing domestically.  2). Quality of service– Many Chinese suppliers are renowned for the quality of service they offer. They are capable of handling huge production volumes,…

  • Elksourcing:How to Qualify a Good Sourcing Agent?

    Elksourcing:How to Qualify a Good Sourcing Agent?

    China is a large country geographically, and the country’s businesses also have relationships with other companies throughout the world. Without a local agent, you would spend an inordinate amount of time on tactical shipping details but still end up with unacceptable shipping delays and additional costs. However, how to quality a good sourcing agent? It is same as you need time to find a good product in China, you also need efforts and wisdom to find a good sourcing agent. Below are several top qualities you need to check on a sourcing agent. 1. Trustworthiness A buyer should note trustworthiness is the first and foremost quality when it comes to the selection of a sourcing agent. If you work with a dishonest sourcing agent, you will never be aware that your sourcing agent is actually ripping you off by secretly asking the supplier for hidden commission or kickback while appearing…

  • Elksourcing:Tips to New Importers for China Sourcing

    Elksourcing:Tips to New Importers for China Sourcing

    Sourcing your products from China manufacturers may indeed be a smart decision, as it has the potential to help you cut costs and maximize profit. But you have to do everything right to truly benefit from this business solution. And an important part of doing things right is hiring the right agent to assist you in the sourcing process. It isn’t that easy to find the right suppliers and manage the logistics of sourcing. That’s why you need to call experts for help. The following are some tips to new importers: 1. Do not take sourcing processes for granted.If you do an online search about sourcing products from China, you are likely to find countless articles on finding the right suppliers and going through the sourcing process on your own. This has led many business owners to thinking it is easy enough to source products from overseas. But that’s not necessarily true. In…

  • Elksourcing:Key Benefits of Chinese Sourcing

    Elksourcing:Key Benefits of Chinese Sourcing

    There are some fundamental benefits of Chinese product sourcing. Rather than buying directly, businesses should be proactive in approaching sourcing agencies. Agencies can conduct a thorough analysis to identify the most profitable Chinese opportunities. With effective strategies, it is possible for your business to grow fast and surpass its key competitors. 1). Sourcing parts and components– If you are a business that absolutely needs to keep closer control on production processes, Chinese marketplace opportunities can still bring you profits. Sourcing raw parts and components for cheaper rates is the way forward. It is possible to find far lower rates for the same quality of mechanical components, machine parts, raw materials, and more. A sourcing agency can conduct the research on your behalf, to identify suppliers who offer the expected quality and value. Sourcing parts can help you speed up production, and add to your production-stage savings. 2). Sourcing finished products– This is another approach…

  • Elksourcing:Do It Yourself or Hire an Agent for China Sourcing?

    Elksourcing:Do It Yourself or Hire an Agent for China Sourcing?

    When it comes to sourcing products from another nation, you can either choose to do it yourself or work with a global sourcing agent. Even though a number of small business owners opt to handle the sourcing requirements themselves, it is a bit of a hassle. If you are sourcing from China, there is the added difficulty of learning the local language. Do you have so much of time and resources to spare? If not, the best solution would be to collaborate with a professional sourcing agent. 1). Local representation of your company Sourcing agents will act as the local representatives of your organization in the country or region from where you want to source products. Since these agents have in-depth local expertise and experience, they can fetch you the best deals. Since a majority of sourcing companies have offices in foreign countries, they can assist you in maintaining a good relationship…

  • Elksourcing:How to Choose a Good Sourcing Company?

    Elksourcing:How to Choose a Good Sourcing Company?

    Sourcing in China is proven more and more a trend, however, for new importers, it’s usually daunting to source direct from China. B2B websites like Alibaba is convenient, however, according to an article, over 75% companies shown on Alibaba are either traders or traders who disguise themselves as factories. Also, there are many shady companies or even some scammers, as there is almost no filtering system, or the filtering system is too easy to bypass. So, after having some lessons, more and more importers learned that it’s very important to hire a good sourcing company to find the direct manufacturer and manage the whole sourcing and quality control process. How to choose a good sourcing company? 1). Look at the reputation The reputation of a sourcing company is the number one thing that needs to be kept in mind. Make sure that the organization has a list of prominent clients. If the company has…

Whatsapp
Whatsapp
Wechat
Wechat
Instagram Twitter Youtube Facebook
SHARE
TOP