China Sourcing

If China is front and center of your sourcing strategy, make sure you are associating with a sourcing partner that has a strong presence in Chinese marketplaces. It is wise to choose a consulting firm which has delivered Chinese sourcing solutions to other businesses. Depending on your core requirements, they can come up with flexible time and cost-effective sourcing strategies that give you the desired results. The followings are some key strategies for China sourcing. 1. Building a supplier list– Sourcing agents are informed about your specific requirements and they identify the potential list of suppliers, who can deliver what you need, within your budgets and delivery timelines. Reputation is another factor that is kept in consideration when it comes to suppliers, as it signifies reliability and punctuality. 2. Aiming for profitability– Once the task of identifying the right supplier is completed, sourcing agents focus on sealing the deal. Focus must always be…

For a business to set up its own manufacturing facility or procurement office in China is actually impractical. Such decisions raise and increase the hassle of business owners. Instead, any business that wishes to explore China sourcing, should do it with a reliable sourcing agency. There are many reasons for consulting with agencies that have operated in China before. Let’s have a look. A.   Reputed sourcing agencies have core local knowledge of Chinese marketplace.  B.   They can identify and recommend the most profitable supplier options.  C.  Business owners do not have to face linguistic, cultural, geographical and negotiation hassles. D.  Agents in China seal the deal with suppliers. They proactively work to reduce costs, while profitability and efficiency. Chinese product sourcing is something that can offer serious benefits to businesses across many industry sectors. The large domestic markets, promising labor, and logistics maintain its position on top of other marketplaces. Associating with experienced and verified…

There are several international companies that are willing to source Chinese parts and goods in order to accomplish such objectives. Some of the big retail companies buy a wide range of Chinese products for the lesser cost of goods produced in developed countries. A growing number of industrial players also started sourcing machinery, components, packaging, molds, and other products in China. How to Find Eligible Buyers in China? The evolution of sourcing portals and specialized sourcing fairs has made searching suppliers in China quite easy. The procurement managers will possibly get several suppliers that meet all their requirements. Suppliers can persuade the companies of their professionalism with a catchy website or boot and an authentic sales proposition. Most of the companies face the difficulty of identifying capable suppliers and negotiating agreements with them. The difficulties they usually confront range from due diligence or intellectual property violation and interruptions in communications that…