If you have just landed on this post, chances are that you are looking for ways how to source products globally, or you already know the huge financial benefits that sourcing globally can bring to your supply chain.
However, as you expect to save costs, you must also know that it cannot be achieved easily. You need to take into considerations some few important tips coupled with understanding a few new skills to allow you to have a clue on what to expect so as to achieve the full advantage of international sourcing.
Today, businesses and companies have become more used to sourcing products and buying from China, and this is so with medium size businesses in the UK working on a smaller budget trying to save costs. It is good to know that language barrier can be challenging when negotiating with Chinese firms, especially with Western people who are usually skeptical of getting into the hands of corn artists. But this can be made simple and easier by hiring a sourcing agent and getting the below tips in mind to help you stay on track.
1.Ensure a thorough research when sourcing products globally
This is very important since no one has an assurance that the supplier you are thinking of engaging will not trip you off regardless of whether they have Golden supplier and Trade assurance badges.
You must ensure you scrutinize all the necessary information about the supplier before taking the next step of ordering. This can be done by visiting their website. Check to see whether they have a professional website and not just a website that is designed with an “about us” page that has no sense of professionalism. Another thing is to use Google search, this will help you to know if the company has scam reports or aid you to find out customer reviews. Lastly, you may ask to be given some samples or request the company to take some images of their products you want to order.
When it comes to global sourcing and purchasing of products, the language barrier is one of the mountains that businesses are faced with. To enable you to ease the situation, you can spend some little time to get to know one or two basic phrases of your new supplier’s language. This can also help you build a good relationship with your supplier and build a good report between both parties as well.
Different people have different cultures. What you feel is good to you can be bad to other people in different countries. Since your main aim is to build a good relationship with your supplier, it is good to learn their culture so that you don’t get embarrassed when ordering.
4.Hire a Chinese Sourcing agent to source products for you
If all the above things are not going to work in your favor, the last option is to find a Chinese sourcing agent who is well conversant with the market in their country, to help you in sourcing products. This will save you time and money especially when it comes to checking samples of products. Sourcing agents will also help in the negotiation process and eliminate the likelihood of you being scammed.