• Elksourcing:How to Find Reliable Chinese Suppliers?

    Elksourcing:How to Find Reliable Chinese Suppliers?

    The process of designing and developing a product idea into a finished product may seem daunting, but it can be achieved by partnering up with reliable suppliers. The followings are some tips about how to find reliable Chinese suppliers. 1). Connect with Manufacturers through Online Platforms There are various established online platforms dedicated to bring together renowned and reliable Chinese manufacturers under one roof, for your convenience. The platforms allow you to filter your search and locate manufacturers and suppliers specializing in producing the product of your choice. You will get contact information of the manufacturers on such platforms, where you can directly talk and discuss your exact product requirements. It will be good to try and connect to more than one supplier, so that you can compare the quality of the products and the price offered. Also, prioritize your search on the basis of the quantity you require and…

  • Elksourcing:Important Notes for Global Procurement Process

    Elksourcing:Important Notes for Global Procurement Process

    Any business that wants to reap the benefits of low-cost global markets needs to make a move towards procurement services. But there is a problem to start with. The problem faced by thousands of business owners is a lack of insight. In this article, I’d like to bring some important notes for global procurement process.  1.   Suitable Procurement Location One of the most fundamental decisions of procurement is the location/marketplace/country. Taking this key decision becomes easy with intelligent insights from a procurement service provider. Procurement agency professionals use advanced analytical mechanisms to study potential target markets. The market offering the best conditions and benefits is selected. 2.   Manufacturing (or buy-in) Are you sure that investing in a low-cost market will actually help you make considerable gains? What if better management and some tweaks can make manufacturing more profitable? Once again, this is a decision that should be taken with the help of intelligence…

  • Elksourcing:Common Practices to Make a Prototype

    Elksourcing:Common Practices to Make a Prototype

    So, you have a recurring dream about an innovative new product, or a persistent feeling there is a large need for the product you want to invent and get to market, you want to make it to real.  What are the common practices to turn a new product idea to a marketable product? You’ve got to get it made as a prototype for starters. And what are the necessary steps that must be taken to get you started in the prototyping process? Step 1: Draw your Design The first step in creating your initial product prototype is to create a sketch of your design both as a complete unit and separately, with the individual components. It is likely that you will end up with an entire sketch book of designs as your creative energies flow out onto paper. Being as detailed as possible will make the next steps in the process easier…

  • Elksourcing:Quality Audits Help to Reduce Supplier Chain Risks

    Elksourcing:Quality Audits Help to Reduce Supplier Chain Risks

    As a buyer, you’re likely under pressure to find the best price for goods without sacrificing quality. And understanding a supplier’s capabilities before working with them is key to this objective. Many experienced buyers choose to rely on a dependable third-party QC partner as their “feet on the street” for supplier evaluations. These partners can perform a quality audit on your behalf and provide detailed results, including production capabilities and potential quality issues. Here are a few risks an audit can help you avoid before you place an order with a supplier:  Production and shipping delays due to disorganization All buyers worry about delivery dates. A bargain price or high product quality may be little consolation to customers that don’t receive their good on time. Shipment delays threaten your reputation as a reliable supplier. A late delivery can cause a customer to end their business relationship with you or consider alternative vendors….

  • Elksourcing:Step-by-step Approach to Supplier Chain Management

    Elksourcing:Step-by-step Approach to Supplier Chain Management

    Supplier chain is an integral factor in the success of your importing business. They can work like a well-oiled machine, where confidence levels are high, and the quality and delivery of products and services from your suppliers exceeds your expectations. Or they can become a burden to bear, swallow up precious resources and cost your business thousands of dollars in administration and performance management. Like most importers, you probably find yourself in a situation somewhere between these two extremes. But there’s hope when it comes to finding and developing great supplier relationships. Stick to this step-by-step approach, you’ll be reaping the rewards of supplier chain management. 1). Supplier selection Choosing suppliers is crucial to your business. And categorizing your supply base is also vital to making the most of your available resources when managing those suppliers. Importers often consider various criteria for evaluating potential suppliers when beginning their search, such as:  A.   Minimum…

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