• Elksourcing:Common Misunderstandings about International Sourcing

    International sourcing is a significant activity in today’s business scenario. It involves identifying products and processes for procuring from an international supplier. However, there are some common misunderstandings about international sourcing.  1. Approaching a good supplier is the only path to successful sourcing Many business owners have the misconception that products can be procured successfully, only if the supplier is reliable. However, sourcing does not end with a single action. The business owner has to choose a souring agency, which in turn selects a supplier from whom cost efficient products can be bought. You should create effective supply chain management, training and proper relationship with the agency and with the supplier. 2. Multinational companies are the sole buyers of international products At one time, small companies did not have the resource or intention to procure products from international suppliers. But, in course of time, the economy has evolved and now, small companies…

  • Elksourcing:3 Ways to Find Chinese Suppliers

    Let’s talk about where to look and what questions to ask when finding reliable Chinese suppliers. There’s also a really helpful checklist included. The rewards from doing business can be great but if things go wrong you end up at the opposite end of that great scale. This is why I continue to promote that buyers, especially those new to sourcing from China take time to make an informed decision before making a financial commitment. Hopefully this topic can assist you in finding reliable Chinese suppliers. What sources can I use to find reliable Chinese suppliers? B2B Websites such as the ever popular Alibaba, Global Sources & Made in China tend to dominate this side of things and the accessibility for the services here make it really appealing. Sitting anywhere in the world communicating in real time with someone at a factory in China is pretty cool. So that bit is relatively easy…

  • Elksourcing:As a Startup, What to Import from China?

    In this post I’ll focus on product categories that are a bit more suitable for startups and beginners looking for what to import from China. I begin by explaining what you shouldn’t do: Avoid OEM / Customized Products Products that are highly customized require higher MOQ requirements. This is simply because the supplier has to purchase components and materials from a larger number of subcontractors. Each subcontractor has its own MOQ (Minimum Order Quantity) requirements and this can quickly add up to an MOQ that you cannot reach. Instead of importing an OEM product (custom designed) you can purchase a “standard product” and achieve customization through branding, such as the following; Logo printCustom colourCustom product packingAdd extra accessoriesUpgrade the quality of the product (use better and more expensive materials and components) Avoid products with certification requirements Toys, electronics, food and chemical products are regulated and require product certification. Far from all Chinese suppliers…

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