sourcing agent

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…

China has got certain benefits in terms of overseas sourcing, however, in order to do it properly, a professional sourcing agent is needed. Do you know how to qualify a sourcing agent? You may ask below 10 questions. 1)What sort of services can a sourcing agent offer? Obtaining products from China is often underestimated. It requires good amount of hard work, knowledge and expertise in this domain. Ask your agent to demonstrate what can he or she do to manage your project ‘end-to-end’ and this will save a lot of time in inspecting companies, customs, freight forwarders and collaborating agents. 2) What can the sourcing agent source? You may come across some agents who have a wide network in a market and they can help you to purchase different products. With large database and purchasing system, such agents can penetrate various markets and get you a product at an affordable costing. A good…

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…

Most business firms are preferring China as a sourcing destination owing to various benefits. The sourcing service providers of China are giving the necessary framework to organizations regarding how to conduct key business operations on an effective note. How to judge the quality of a sourcing agent? The following are some parameters: 1). Trustworthiness:  This is the foremost quality of a sourcing agent, which all organizations want. If a company works with a wrong sourcing consultancy, there is every possibility of getting ripped. Organizations may think that these sourcing consultants are offering free or low-cost services, but this is not always the case.  Professional sourcing agents make it very clear to the companies that no information regarding suppliers will be hidden. There will be no faking of information regarding the number of employees, market performance, registration information, reputation, real business type, and product original price. 2). Quality-focused:  It is necessary from the part of sourcing…

With advanced manufacturing techniques and large-scale production, it is necessary to seek the global market for finished goods. Along with the increased movement of goods, the services sector has also flourished across nations. Nowadays, more and more importers have learned that a good sourcing agent is necessary for their importing business. Here are some benefits of using a sourcing agent: (1) A sourcing agent represents the buyer and not the supplier so that you will have a local representative for your business. (2) Sourcing agents help you in finding out trustworthy suppliers and factories with expertise in specific products. (3) They help in finding out the products at affordable price and will save you from wasting money on hidden costs. (4) They can easily communicate in the native language, thus making it easier for you to deliver your message to the supplier and other local authorities. (5) They manage all the tasks of your company or business…

China is the most prominent place for sourcing of products. With the country’s economy growing stronger, the procurement and sourcing infrastructure is advancing to an even better state. It isn’t hard to find proficient low-cost Chinese suppliers. In order to get it done appropriately, a business needs to create association with the global sourcing companies. Agents from such companies are well-versed regarding the Chinese market, and its latest business model. They are capable of seeking out appropriate suppliers, and negotiating your agreements, as per your requirements. If you still hold second thoughts regarding China sourcing agent, the below mentioned reasons may clear it out. 1. Benefits of Chinese Product Sourcing 1). Quicker Production: We all know that time is of essence. It is even more significant in a business, as it influences the total success of a business and its activities. With the increase in demand, supply should not fall behind,…

It’s a good way to find a sourcing agent to help you for importing from China, especially when you are new to your importing business. What can a sourcing agent do for you? What is China sourcing agent fees? Below are some key aspects: 1. Services Sourcing agents offer a catalog of services for you. Agents and traders charge you for just the facilitation of a manufacturer relationship. Sourcing agent fees is charged with a more holistic, service-based approach to your procurement. 2. Cost-Efficient Sourcing agent fees is usually not a percentage based on unit quantity. Rather, sourcing agents usually cost a flat fee per product (not per unit). These flat fees help you better calculate your monthly costs for sourcing with little variation. This flat fee is also a lower-cost option overall, allowing you to maintain your margins and revenue. 3. Transparency You have control over your own supply chain. You are…

The first issue you want to look at is the China sourcing agent’s location. The closer the people who manage your project to you, the easier the communication will be. When both of you work in the same time zone it is easier to find a time during the day to speak and a face to face meetings are easier to arrange. On the other hand, an agent that is close to you is far from the factories, and all the advantages I just spoke about become the disadvantages of the communication between the agent and the Chinese suppliers. In addition, if the people that run the sourcing agency are close to you, but in terms of experience and culture background are far from the Chinese suppliers, then that together with the physical distance will create a communication barrier. Some of the important advantages of a China-based agency management is that they have…