For a senior or novice foreign trade procurement, one fact must be known: due to the unique characteristics of international trade, the whole process may take 2-3 months to complete a transaction.
The process of selecting goods, quoting, signing contracts, paying deposits, and shipping is very particular, which means whether you can successfully complete a transnational transaction and sell goods in your country to earn maximum profits. Therefore, procurement strategy is very important, as long as you master the skills, it is one of the surprises.
Please read on, this article will teach you how to improve the efficiency of sourcing products from China.
To find out if you can improve your efficiency of sourcing products from China., we will start with the complete purchasing process. There are seven steps:
These seven steps explain the whole procurement process of sourcing products from China clearly and highlight the important points you should keep in mind. Before purchasing materials from suppliers, you must first find and review these suppliers.
When you have an effective strategic procurement process, you will find reliable, affordable and high-quality suppliers to provide the goods you need. Excellent work can make the procurement process more streamlined and efficient.
Sourcing products from China is about finding a balance between the quality and affordability of raw materials. In order to make more profit, you need to control costs to a certain extent.
But you can’t go completely cheap and buy poor-quality materials, the quality of the end product will be lower. It is important to maintain quality standards because your customers need quality too!
If you don’t have enough to invest in building your own network of suppliers right away, you may choose to start from scratch. Please believe in the infinite power of social media.
Where will be the haven for the widest range of low-cost products? If you can think about it, Alibaba is your best bet. As the largest digital shopping platform, it is a great platform for sourcing from China. Search for what you need.
You can then try to contact the local factory that produces the product you need, get some small samples and test market feedback as a trial order. In addition to this, buy yourself a ticket to a large trade event, in which case you may find some allies at these events through business cards. As you gain experience, you will compare prices and build your network after a lot of practice.
This channel saves time and can access more supplier resources. Their professional authority will solve the paperwork process for you. They provide professional supply chain services. The salesmen have a fluent foreign language, and communication is not a problem.
They will help you compare the prices of products and offer the best value for money, from quoting, sending samples, sourcing, and shipping to after-sales, without you having to worry too much, the sourcing agent will help you do it. Perhaps this is a way to make procurement more efficient.
Sourcing agents play a very important role in cross international trade. The services of a sourcing agent are essential for anyone looking for a stress-free and hassle-free process.
Here are some of the reasons why a purchasing agent can help you to increase your purchasing efficiency (optimize your procurement process):
Sourcing agents have a strong network of supplier relationships that, through their previous clients, industry knowledge and business relationships, can help you find which manufacturers can offer you the best prices and highest quality. One size does not fit all and their network of relationships will put you one step ahead in establishing a working relationship with manufacturers.
Most purchasing agency companies have salesmen who understand English or other languages. You can communicate with them directly in your native language, reducing the risk of any misunderstanding, saving time and becoming more efficient. And the sourcing agency is usually a team, and professional designers will provide customized services for you.
Another valuable reason for sourcing agents is the reduction of any risk associated with importing from China. They can track the process of producing goods in factories and save time to help reduce risk. In this way they will help you to compare prices and you will also save money.
Sourcing agents have many good relationships with different factories. They can always get a very competitive price, which can save you costs and increase your profit margin.
Sourcing agents can help you oversee the entire production process. They will manage quality control and send reports efficiently to meet the required standards of quality. As a result, the number of defective products will also be significantly reduced.
With shipping coordination services, your purchases can reach their destination quickly and smoothly. A purchasing agent can help ensure that your shipments are efficient.
Toptrade is an excellent sourcing agent that provides professional services. Based on the Yiwu international market and 20 years of experience, we are specialized in the Yiwu agent business.
If you are worried about how to improve the procurement efficiency of sourcing products from China, we are sure we will be the right one! Hopefully, there is a chance to cooperate with you.
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