• Elksourcing:Tips for Chinese Supplier Management

    Chinese supplier management allows you to build a relationship with your Chinese suppliers that will strengthen both businesses. Supplier management is not negotiating the lowest price but constantly working with your Chinese suppliers to come to agreements that will mutually benefit both companies. 1. Share Information and Priorities The key to succeeding in supplier management is to share information and priorities with your suppliers. That does not mean that you throw open the accounting books and give them user IDs and passwords to your systems. Appropriate supplier management practices provide only the necessary information at the right time to allow a supplier to serve your needs better. It may include limited forecast information, new product launches, changes in design and expansion or relocation changes. 2. Balance Commitment and Competition One of the goals of supplier management is to gain the commitment of your suppliers to assist and support the operations of your business. On…

  • Elksourcing:Advantages of Factory Audit in China

    For the business of importing from China, choosing the right supplier is the most important thing you need to focus at beginning. A right supplier will not only produce the products at a competitive price, but also provide good service on the supply chain.  In order to verify and select the right supplier, it is recommended to do factory audit, as there are many advantages. 1. Amplifies Performance Visibility When companies don’t know the facts about how their suppliers are performing, factory audit tends to be based on guesses. Additionally, the simple act of measuring performance can help improve performance. This improvement can be even more dramatic when companies award additional business on the basis on suppliers meeting performance goals. 2. Uncovers Hidden Cost in Supply Chain The supply chain is full of potential risks that can originate from suppliers in regard to corporate social responsibility. Some of these risks can…

  • Elksourcing:Building Good Relationship with Your Chinese Supplier

    China is factory of the world, so, when we speak global sourcing, China is on the top of list. Once you find a Chinese supplier and decide to work with it, it’s essential to build and maintain a strong and healthy relationship. We believe below aspects are critical for building good relationship between you and your Chinese supplier. 1. Capability The supplier has to be able to do what you need them to do. Can they make your product out of the material you need? But the next step is also crucial. Can they grow with you?  Do they have multiple manufacturing capabilities?  Can they scale up? Do they want to? 2. Communication  Responsiveness is an important attribute in any relationship. You want to be able to get in touch with your supplier when you need them, and you want them to communicate with you as well. If your supplier…

  • Elksourcing:Important Factors for Choosing a China Supplier

    When you choose a China supplier for your online business, it is important to remember the following important factors. 1). Affordable price: Price is the most obvious and important factor to take into consideration when looking for new drop shipping suppliers. Since there are various suppliers offer different prices for the same product, it’s important to shop around and see who offers the best deal with the best quality product. 2). High quality: There’s often a conformity between cost and quality: The more expensive the product, the better the quality. But quality is not only when the product meets its function, but also in suitable product package with good protection and required labels. You’d better talk to the supplier to ensure all details about the product before signing any contract. 3). Reliability: If your supplier sends a product in 3 weeks instead of 2 weeks as you announced to your customer, they will blame you,…

  • Elksourcing:Tips about Verifying a Chinese Supplier

    In the industry of importing from China, it is easy to find many Chinese suppliers on Internet, such as B2B websites, however, it is uneasy to find a good one, one that meets all of our requirements. In the online showroom, the supplier looks perfect, but it may not be. In this article, I want to share some tips about verifying a Chinese supplier. 1). Network preliminary screening We can Google the supplier’s name to see if there is any information on the Internet that is detrimental to the company. If so, there is no need to continue, try to find other suppliers. Even if it doesn’t have any negative news on the Internet, that doesn’t mean he’s trustworthy and reliable. It needs to be verified in other ways. 2). Entrust a third-party company Many companies in China can do credit checks on suppliers and can entrust these companies to help you…

  • Elksourcing:Tips about Finding a Supplier in China

    Suppose you come up with an idea of certain products which you have market channels, and you want to find a supplier in China because of the low product development cost and low production cost there.  If you Google the product name, you will find tons of China suppliers. However, it is difficult to choose. Many people get frustrated because they have been communicating with suppliers in China for months, but fail to move forward. The reason, most likely, is that they did not find the suitable one at the beginning. To successfully find a suitable China supplier, you need a strategy. Below are some practical tips to find a suitable Chinese supplier for you. 1. Understand what you need. You need to first know what is available and have a way to categorize the information. For example, if you need to import products in a narrow range, you may…

  • Elksourcing:Tips about Working with Chinese Suppliers

    Having your products manufactured in China can help you keeping costs down, but only if you work with the right suppliers, and with the help of a professional inspection company. Here are some tips about how to work with Chinese suppliers. 1) Have a clear quality standard As the buyer, you need to be able to provide a supplier with the right quality standards. What may be important to you–such as the dimensions–may not be as important to other customers the supplier has. When you are able to clarify this early on, it will increase the likelihood that you will choose a supplier who can meet your criteria. 2) Learn about the supplier’s other clients In particular, see if you can find out who the supplier’s top clients are. When you take a look at the work done for the supplier’s biggest clients, you will get an idea of their…

  • Elksourcing:Supplier from Selection to Management

    For global sourcing business, working with suitable suppliers is the key to success. The followings are some tips I’ve learned from my 20-year business in import & export industry. 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. You would ideally want all of your suppliers to be performing at a high level. However, companies may have large supplier lists stretching into the thousands with some naturally more critical to quality than others. Selection should be the first priority for active supplier development management. Importers and purchasers often consider various criteria for evaluating potential suppliers when beginning their search. 2. Developing an approved suppliers list We often find that a company’s supply base invariably expands over time. Indeed, taking advantage of the “risk management” option of a “second source…

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