• Elksourcing:Reasons of Source Products from China

    As a wholesale distributor, retailer or a business owner, it is important to manage supply chain costs efficiently in order to maintain a reasonable margin and optimize profitability. Sourcing for the right suppliers and products is a crucial element from your business plan to help you achieve your goal quickly. So, where should your business look for suppliers and products? Many businesses are turning to China, the world’s leading manufacturer and exporter of goods, to manufacture or source products and this is for good reasons. 1) Lower costs China is the world’s leading manufacturer and exporter of products; with an increasingly competitive and transparent marketplace, it is becoming more and more important for businesses to manage costs in the ir supply chain as efficiently as possible. With a population of more than 1.4 billion, China has access to a huge and low-cost labor force for manufacturing. Although wages in China have been rising,…

  • Elksourcing:Benefits and Obstacles of Sourcing in China

    The economic and industrial sector of China has undergone rapid transformations owing to the favorable trade laws initiated by the Chinese Government. This is one of the reasons why marketers are choosing China when it comes to sourcing operations.  Sourcing in China has the following benefits: 1). Low production cost This is one of the major benefits of China sourcing. If an organization works with a manufacturing factory in China, the company can reap the benefits of lower production costs. Reduced production cost doesn’t mean reduced volume output. A large number of Western marketers are wooed by this fact. In Western countries, the costs of production are higher when compared to the Eastern nations. Now, if a Western marketer decides to manufacture his product in the home country, the production costs are very likely to be higher. This is because Western nations are far more advanced than the Eastern countries…

  • Elksourcing:Tips about Communication with Chinese Suppliers

    In our many years of experience of dealing with China sourcing, we’ve seen a range of outcomes where communication is concerned. The impact is quite often more substantial than you may think, I would say that good communication is the primary reason for a partnership’s success. In this article, I’d like to share 3 tips about better communication with Chinese suppliers. 1. Recognize that communication is about understanding. In order for us to understand a perspective outside of our own, we need to actively listen. We are all guilty of wanting to believe we’re right, but the mindful moment is when we realize that others think they are right as well. Recognizing that communication is about understanding means that we allow all parties to express their position without judgement, interruption or disrespect. Communication ceases to exist without this. Ask yourself, what is their purpose as compared to yours at this particular…

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