In a China sourcing business, your ability to follow-up and follow through with the potential China suppliers is paramount. If your company doesn’t have a systematic approach to procuring goods from China, you cannot maximize your margin. You need to build longterm business relationship with the Chinese sourcing agent and need to have a full-proof plan for the branding of your product in your home market.
Every company is trying to provide the finest products to its clients. This gives rise to fierce competition among businesses that are looking to buy low-cost raw materials, goods and even procure low-cost skilled labor from China. Being a business owner, you need to continuously update your procurement plan.
Take note of these handy tips that will allow you to perfectly streamline your China sourcing–
- As an importer of the Chinese goods, you need to have a clear idea about the production process, chain of products and the operating environment of the supplier you have chosen. The easiest and most cost-effective place to start a search for suppliers in China is on the Internet and B2B sourcing platforms like Alibaba, Global Sources, and Made-in-China.com. This approach is most beneficial, if you need labor-intensive services.
- The best way to start your relationship with your China supplier is to draft a good manufacturing agreement. Apart from this, you need to conduct regular quality control inspection. It will help you to make sure the quality of your product is up to your standards. It is essential to use an order, purchase and inventory management system that’s written from the ground up to support international and domestic trade.
- Once you found your potential suppliers, search them via their social media account, say, LinkedIn, or other social media sites or websites if they do have one. Make sure that their profiles are verified. Important to locate the most efficient Chinese sourcing agents is to interview them from all angles. Ask them industry-specific and product related questions to make sure they understand your product and also know the best practices.
Cost cutting and containment opportunities should be communicated to suppliers. Those suppliers who do not take steps to reduce costs should be removed from your database. You can remain completely stress-free regarding your sourcing as most of the wholesale suppliers of China are well versed in exporting products from China to other countries and they are also quite good in terms of communicating in English with their foreign clients.