• Elksourcing:Key Stages of Strategic Global Sourcing

    Elksourcing:Key Stages of Strategic Global Sourcing

    Companies across the world strive to offer quality products and services to their clients and at the same time, earn considerable amount of profits. International purchasing is a unique procurement strategy offering you the facility to procure quality goods at reasonable rates from developed and developing economies. You can hire a global sourcing agency to ensure a smooth and profitable outcome of your international purchasing endeavor. Pls read the following steps to get an idea about the global sourcing process. 1. Investigation This is the primary stage where the sourcing agents identify the primary and the secondary operational activities, analyze market needs and identify competitors in the field. The insight gained will assist in knowing the prospective market and the objective of the brand in procuring from a different country. In this step, the sourcing specialist creates a baseline and work strategy for performance measurement.  2. Evaluate supplier and market This is the…

  • Elksourcing:How to Improve Communication with China Suppliers?

    Elksourcing:How to Improve Communication with China Suppliers?

    Many Western importers find it’s relatively easy to find suppliers online, however, to properly communicate with China suppliers is usually daunting. Are there any tips about how to improve communications with your suppliers? Here are some. 1. Keep emails simple when communicating with suppliers Importers sometimes send a barrage of emails to a supplier in a short period of time—all relating to the same issue. These emails sometimes contain technical English, slang or spelling mistakes. You may feel your Chinese supplier’s English is pretty good. But there’s a strong chance they’re regularly copying your emails directly into an online translator to understand the meaning in their native language. Sending many different emails, using complicated language or including spelling mistakes in your message can all lead to misunderstandings. And in doing so, you also risk having your supplier miss the key points of your email. Limit your email correspondence to one simple email…

  • Elksourcing:How to Avoid Quality Fade Issues in Global Sourcing?

    Elksourcing:How to Avoid Quality Fade Issues in Global Sourcing?

    How to catch the subtle quality fading issues when there happens to be distance of some thousands of miles separating the supplier from the buyer? It would simply become impossible (or at least extremely difficult) to figure out the quality of items prior to the supply packaging process. Unless the supplier happens to be extremely honest (which is rare these days), there are minimal chances left to get the best quality product as expected. It is absolutely difficult to undergo scrutiny for the products. At the same time, ignoring quality fade issues over the time would probably through challenges to a business in staying at the top of the seat for a longer time period.   Is it possible to avoid quality fade issues? What are the steps to follow? 1) Selecting a highly reputable supplier Even if it costs a tad higher, still there are great advantages in going with a…

  • Elksourcing:How to Ensure Quality Control in China?

    Elksourcing:How to Ensure Quality Control in China?

    Implementing an effective quality control plan in China doesn’t have to be difficult, even if you live on the other side of the world. Luckily, you have plenty of solutions available to make sure your product is manufactured to your specifications and shipped on time. Start by preparing your order well in advance, with clear instructions for your supplier. Then pick the right quality control plan, from creating your own QC team to hiring a neutral sourcing agent. You will then minimize business risks and maximize your professional success. 1. Understand different “quality” points of view Everyone has a different point of view when it comes to quality, and these differences are amplified even more when you begin working with suppliers in other countries, particularly China. Because of the great distance between importers and manufacturers, most communication is limited to English written documents submitted to the factory, which opens the door to a…

  • Elksourcing:Tips for Outsourcing Procurement Activities

    Elksourcing:Tips for Outsourcing Procurement Activities

    The marketplace is now getting more and more competitive day by day. For retaining the position, business requires adapting the ever-changing trends. It is possible only when they will concentrate fully on the core competencies.  Outsourcing the procurement activities has now become a highly preferred option for a number of businesses, as it lets businesses to reduce hassle and keep eye on their primary goals. How to do this? Below are some tips: 1). Acquiring new skills: The outsourcing companies which deal with procurement activities have expertise in this specific field and also possess huge knowledge in the related aspects. While purchasing products from the foreign market, many challenging situations may occur. Often handling such situations, becomes difficult for the businesses. But, as the procurement outsourcing providers have adequate relevant experience, managing these situations becomes easier. The third-party vendors are aware of risk factors that can affect procurement activities. Thus, you can…

  • Elksourcing:Good Practices for Sourcing Products Internationally

    Elksourcing:Good Practices for Sourcing Products Internationally

    Despite increasing importance of sourcing internationally, there are many organizations which are not aware of such practices. Below are some good practices I have learned from sourcing products internationally. 1- Know the market trends: To source products internationally, at first, you should know what will be required and what are relevant. For instance, if you are sourcing a fashion product, it will have own demand and trends. Moreover, these trends can differ in the global and local market. Thus, before starting to source internationally, it is your task to research thoroughly. Before stocking inventory, ensure that what you are purchasing, will sell. Bringing products to your domestic market may be time-consuming sometime. That’s why; you should keep an eye on what is new related to your product. It will ensure that you are receiving the perfect type of inventory always. Keeping an eye on the production management system of your chosen supplier…

  • Elksourcing:3 Mistakes You Should Avoid for Sourcing Products from China

    Elksourcing:3 Mistakes You Should Avoid for Sourcing Products from China

    For being successful in China sourcing, you should have clear understandings about the sourcing process and realistic expectations. Here, the most common mistakes for sourcing products from China are listed.  1). Absence strategic management in case of China sourcing: The companies, just after starting sourcing from China, usually make a lot of mistakes. Some of the most common mistakes, made by these companies include- lack of adequate research, the right strategy, and benchmarking process. It restricts businesses from setting the right product quality targets. Usually, the businesses source products from the Chinese market, mainly because of the cost benefits. However, according to the professionals, involved with sourcing, it shifts the focus from purchasing quality products to saving money. The commonly made mistakes of other businesses for sourcing Chinese products can be broadly classified into the following categories- A.  Not having a proper strategy B.  Not having any properly defined standard for the suppliers C.  Lack…

  • Elksourcing:Good Practices on Product Packaging

    Elksourcing:Good Practices on Product Packaging

    Nowadays, product packaging is proven more and more important, especially for retail. However, it’s always uneasy to create a unique and attractive packaging. Are there any good practices? The answer is yes. The followings are what I’ve learned from my 20-year experience in sourcing business. 1. Think of your brand The packaging is a great way to let your brand speak. You can create a positive association with your brand by developing customized boxes and packages. It would offer a special experience for the customers to unbox the orders and find their purchased item. You have to think of your brand, business value, your target customer of your brand, etc. 2. Understand your customer When you plan to design your product packaging, you have to understand your target customer, know what they expect from your business. After all, they are the ones who are ready to invest in your business….

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