Elksourcing

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…

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…

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…

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…

Sourcing from China has allowed companies to increase their international competitiveness with low-cost prices and most importantly, focus on their core business. Over the past few years, China has been named as the “factory of the world” and is an appealing option for any business seeking cheaper raw materials, semi-finished and finished products for profit improvement. A.   Provide sourcing service: It is difficult to do sourcing in China without the help of professional sourcing agents. Chinese agents are good at sourcing, efficient to work with the business owners. China has set up factories to make about every kind of products whatever you need, however, research is an essential part of souring, but it is always difficult. Professional sourcing agents evaluate, compare products to determine which best meet your organization’s needs.  B.   Monitor quality control: The quality of the product is the main concern of the business owner. The biggest concern of sourcing directly…

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…

Global sourcing is a trend for many businesses, this is basically a practice of getting services across geopolitical boundaries. But, since there are so many options to choose from, you have to do the whole process intelligently, if keen on making profits. How to Start Global Sourcing? 1. Learning how to do business in another country-It is never too late to know the unknown! First of all, know the culture and the ways of the country you want to outsource from. Knowing the laws of the country and adhering by it will you an extra benefit if you want to sell to them. Buying from that country will give you a head-start about learning how to trade, before you proceed with the sales afterwards.  2. Access to cheaper wages-Your labor-intensive manufacturing process is going to be very cheap if you do that in a third-world country. The wages are lower in…

You will get end-to-end services from a good sourcing agency which addresses to any type of service. Get perfect strategical help from procurement companies that gives you a firm stand in competitive advantages.  The basic goal is to reach faster savings while taking care of the qualitative side of your relationship with the suppliers. Finding a credible one does not require that much of herculean effort from your end. 1. Going by the reputation While browsing online for reviews, look for promising client feedbacks. Do not fall in trap of vague responses and always go for glowing customer reviews. If the company does not have any track record to show, understand that your deal will not be feasible. It might just gulp down your money and fail to deliver as promised. So, go for a safe and reliable option. 2. Considering the investment Initial investment marks an important start if you…