Introduction
Have you ever been interested in finding new manufacturers for your products?
Maybe you’re looking for a supplier that can handle larger quantities or one with unique capabilities. Chinese product manufacturer is a good choice for you. That’s why sourcing products from China has become increasingly popular.
As we all know, sourcing new manufacturers can be a daunting task.
But don’t worry – we’re here to help! In this blog post, we’ll outline some tips for finding and contacting potential suppliers.
Also, we will share some information about sourcing agencies for alternatives. With the help of a reliable sourcing agency, you can save more time and energy and use them on other steps of your business career
So read on – your next great manufacturer may just be a few clicks away!
the blog will include the following content：
Project Procurement Risk Assessment
Different types of Manufacturers we have to know
Different ways to source manufacturers
How to choose reliable Product suppliers
The matter needed attention when cooperating with product manufacturers
Why do people choose China to source manufacturers
What are the benefits of outsourcing procurement?
Development of the Sourcing industry-digital sourcing
Sourcing Agencies you can trust for Sourcing products from China
Project Procurement Risk Assessment
If you have not decided what kind of product you want to procure, then it would be better to do the risk assessment for your products
Project procurement risk assessment is to determine and minimize the possibility and impact of risks occurring in the project
In the process. This assessment should focus on risks that may affect the successful implementation of the project and strive to ensure that the project is not affected by
Delays or failures are associated with the occurrence of risks.
In order to make the project procurement risk assessment process easier to manage, the assessment work can focus on the following main aspects
(1) The complexity and competitiveness of markets;
(2) Macroeconomic factors;
(3) Business and operating environment;
(4) Technological innovation;
(5) Pricing trends;
(6) Supplier relationship management;
(7) Sustainability issues;
(8) Supply chain issues.
Market research, well known-product
Do the market research.
Don’t simply jump on the bandwagon and choose the latest product that’s available; make sure that there’s actually a market for what you’re selling.
You don’t want to end up with a bunch of unsold inventory!
Besides, It will be difficult to source a manufacturer if you don’t have any background information on the product. Stick with what you know and are comfortable with. This will make the whole process much easier for you.
Once you have these things figured out, you can then start looking for manufacturers
How to check the market demand for the products
Keyword Tool is a super-easy way to get a preliminary idea of demand in under 5 minutes, and for free.
Using the keyword tools like Google Keyword tool, ahrefs can help you get several options including how many monthly searches are done per month for each keyword listed below them;
This can give you some insight into whether there may exist interest from potential customers or not based on numbers alone!
Learn to analyze your competitors
When it comes to understanding your competition, you need to analyze their market demand. This means looking at what products and services they offer, how they’re marketing them, and what kind of customer base they have.
You can find this information by reviewing social media platforms like Twitter, Instagram, and Facebook. This will give you a good idea of what kind of content they’re sharing, and how people are responding to it.
You can also look at review sites like Yelp and TripAdvisor to see what customers are saying about their products and services. This can help you identify any areas where your competition is succeeding or struggling.
By understanding your competition’s market demand, you can adjust your own marketing strategy accordingly. You may find that you need to offer a similar product or service, or you may decide to focus on a different target market.
Whatever you do, make sure you stay up-to-date on your competition’s latest moves. The last thing you want is to be caught off guard by a new product or marketing campaign.
Use the information you gather to your advantage, and you’ll be able to stay ahead of the competition.
Different types of Manufacturers we have to know
There are different types of manufacturers that can be sourced for your product. The most common channels are OEM and ODM, but there are other methods as well.
OEM, or Original Equipment Manufacturer, means that the manufacturer produces the product under the customer’s brand name and specifications. This is often used by larger companies who want to have their own products without having to design and produce them themselves.
ODM, or Original Design Manufacturer, is when the customer provides the design of the product and the manufacturer produces it. This option is often chosen by smaller businesses that don’t have the resources to create a product from scratch. It can also be less expensive than OEM production.
There are also other ways to source a manufacturer.
Some companies use brokers or agents to find a manufacturer that meets their specific needs. This can be helpful if you have specific requirements, such as a certain type of manufacturing process or location.
Different ways to source manufacturers
There are different ways to source manufacturers. One way is to use a different channel altogether, such as trade shows.
Trade shows can be a great resource for finding qualified manufacturers, and they offer the added bonus of giving you the opportunity to see products in person and compare different manufacturers’ offerings side-by-side.
Another option is to use an online directory or search engine specifically designed for manufacturing companies. These directories can be a great resource for finding qualified suppliers, and they often include detailed information about each company, including contact information, product offerings, and company history.
The last option is to use a broker or agent. This is a good choice if you don’t have the time or resources to do all the legwork yourself.
Brokers and agents have pre-existing relationships with manufacturers and can help you find the best supplier for your product. However, using a broker or agent can be expensive, so it’s important to do your research and compare prices before committing to anything.
No matter which route you choose, be sure to do your research and ask lots of questions before selecting a manufacturer. The right supplier can make all the difference in the quality and success of your product.
How to choose reliable Product suppliers
When it comes to sourcing products from China, there are a lot of options to choose from. But not all these suppliers are created equal. So how do you choose a reliable supplier among all the competitors?
Send a message to test the service of the suppliers
When you are looking for a supplier, it is important to make sure that their service is up to par. One way to test this is to send them a message and see how quickly they respond. The reply speed can give you an idea of the service standard that they offer.
Keep in mind that some suppliers may be busier than others, so their reply time may not be a perfect indicator of the quality of their service
.
However, if there is a large discrepancy between the reply speeds of different suppliers, it may be worth considering going with the one that responds more quickly.
Of course, customer service is about more than just response time. It is also important to make sure that the supplier is able to meet your needs and solve any problems that may come up.
But, if you are looking for a quick way to get a sense of how good a supplier’s service is, send them a message and see how quickly they reply.
One important factor is to pay a visit to their factory
This will help you get a better understanding of their quality control processes and production capabilities.
If you want to establish an enduring partnership with your product suppliers and avoid any after-sales products as much as possible you can, paying a visit to the factories of your potential product suppliers is necessary. We advise you to go to China before making the final decision.
Quality of product
The quality of the products produced by the manufacturer should be high. This can partly be check by the product sample. So do not forget to get some product samples before you place the orders.
The best way to assess the quality of a manufacturer is to visit their factory and see the manufacturing process firsthand. This will give you a better understanding of the quality of their products.
Price
The price should be competitive.
The best way to assess the price is to get quotes from several manufacturers. This will give you a better idea of the market price for the products.
Delivery Time
The manufacturer should be able to deliver the products on time.
When assessing delivery time and lead time, it is important to consider the size and complexity of the order. Larger and more complex orders will take longer to deliver and require a longer lead time.
Certification
Nobody wants to buy the products from the factory without any quality certification.
.Make sure the manufacturer has been certified by a reputable organization, like the International Organization for Standardization (ISO). This will ensure that the products they produce meet the highest quality standards.
Choosing the right manufacturer is crucial for the success of your business. By considering the factors mentioned above, you can make an informed decision and find a manufacturer that meets your needs.
The matter needed attention when cooperating with product manufacturers
The importance of detailed drawings and quality standard
Detail drawings are important for ensuring the quality of products made in China.
By reviewing the details of the product and how it is supposed to be assembled, you can catch any errors or problems that may occur during production. In addition, high-quality detail drawings can help to ensure that the products you receive from your suppliers meet your expectations.
By working closely with your product suppliers, you can create detailed drawings that will help to produce a finished product that meets your standards.
When working with suppliers in China, it is important to remember that the quality of their products can vary. By providing clear and concise drawings, you can help to ensure that the products your supplier produces are up to your standards.
In addition, by working with your supplier to correct any errors or problems that may occur during production, you can help to avoid costly delays and re-work.
Detail drawings are important for ensuring the quality of products made in China. By reviewing the details of the product and how it is supposed to be assembled, you can catch any errors or problems that may occur during production.
In addition, high-quality detail drawings can help to ensure that the products you receive from your suppliers meet your expectations. By working closely with your product suppliers, you can create detailed drawings that will help to produce a finished product that meets your standards.
When working with suppliers in China, it is important to remember that the quality of their products can vary. By providing clear and concise drawings, you can help to ensure that the products your supplier produces are up to your standards. In addition, by working with your supplier to correct any errors or problems that may occur during production, you can help to avoid costly delays and re-work.
Place the first order for the sample test
As you consider sourcing products from China, it is important to place the first order for a small quantity in order to test the quality of the product. You don’t want to make a large order only to find out that the quality is not what you were expecting. By ordering a small quantity, you can avoid any potential problems and ensure that you are happy with the product before placing a larger order.
When working with Chinese product suppliers, it is also important to keep in mind that the quantities tend to be much larger than what you may be used to. So, if you’re looking for a smaller quantity of product, it’s important to communicate that clearly to the supplier. They may not be able to meet your needs if you ‘re not specific about what you’re looking for.
Place the order formally(not 100% money )
When sourcing products from China, it is important to be aware of the risks involved in doing so. One such risk is that suppliers may ask for payment in full before shipping the product, even if they have a poor credit history or no history at all.
It is therefore advisable not to pay the full money to Chinese product suppliers until you have received the product and are satisfied with it. This will protect you from losing your money in case the supplier fails to deliver.
Another reason for not paying in full is that Chinese suppliers often quote very low prices, but this does not always reflect the true cost of production. There may be hidden costs, such as tariffs and taxes, which can drive up the final price significantly.
By paying the supplier in stages, you can ensure that you are only paying for the product actually delivered, and not for any potential hidden costs. This will also give you time to assess the quality of the product before making the final payment.
Overall, it is important to be aware of the risks involved in sourcing products from China, and to take steps to protect yourself from them. By following these tips, you can avoid losing your money or receiving a poor-quality product.
Sales and analyze
When selling a product made in China, it’s important to analyze your sale results to determine whether or not the product was successful.
By doing this, you can make necessary changes and improve your sales strategies for future products. Here are some things you should consider when analyzing your sale results:
-How many units were sold?
-What was the average sale price?
-Was the product profitable?
-Which channels were used to sell the product?
-What was the marketing strategy for the product?
-Did any of the sales efforts result in a loss?
By answering these questions, you can get a better understanding of what worked and what didn’t with regards to your Chinese-made product. This information
-What was the overall sales volume for your product?
-How did your product compare to similar products on the market?
-What were some of the reasons for the product’s success or failure?
-What changes should be made to the product or sales strategy for future products?
By carefully analyzing your sale results, you can ensure that your products are successful and continue making a profit.
Why do people choose China to source manufacturers
As the world’s largest manufacturing country, China’s manufacturing sector has an added value of US$2.2 trillion.
The size of the manufacturing sector has increased 18 times in the last 30 years. T For example, 80% of the world’s air conditioners, 90% of personal computers, 75% of solar panels, 70% of mobile phones, and 63% of shoes are produced in China.
Manufacturing accounts for up to 40% of China’s GDP and directly provides jobs for 130 million people, a figure that has remained relatively flat over the last few decades.
In each of these manufacturing sectors, there are a large number of Chinese companies competing fiercely.
For example, there are currently over 30,000 construction material factories in China, with products ranging from ceramic tiles to wooden flooring.
One of the many outstanding advantages of China’s manufacturing industry is its traditionally low labor costs.
The average hourly wage of US$2.10 is only 15% of that in the US, where it is US$35 per hour (although this is now changing rapidly).
Another advantage is the rapidly expanding domestic market. For example, annual car sales have reached 15 million units, surpassing the 13 million units sold in the US.
The continuing increase in engineering talent is also a major advantage. Other advantages include substantial investment in infrastructure and a fast-growing supplier network. In turn, these advantages can lead to further advantages like a snowball.
What are the benefits of outsourcing procurement?
For an organization, the initial benefit of cooperating with a sourcing agency is a reduction in the purchase price.
Also, through strategic sourcing, online auctions, procurement process design, corporate organization design, and HR performance management, a procurement outsourcing program can generate immediate sustainable benefits.
Corporate non-core business sourcing outsourcing programs can achieve at least a 15% sustainable reduction in planned spend and maintain a reduction in purchase price over a period of about three years.
In practice, the gains achieved are usually even higher.
In addition, companies that outsource procurement are able to avoid large investments in procurement systems.
By outsourcing procurement, companies are able to reduce procurement labor costs by more than 50% and can also reduce inventory costs by up to 20%.
The benefits of procurement outsourcing extend to other areas such as the frequency of shipments, product quality monitoring, demand-side requirements monitoring, and improved supply chain management.
From the beginning of accepting orders to inventory management, shipping, including some reverse logistics, these processes should also have some management, through this management, the company can extend its procurement management, deep into the relationship with suppliers and the entire supply chain management.
Development of the Sourcing industry-Digital Sourcing
In the early days, Product sourcing was mainly aimed at meeting “delivery” and was regarded as the logistics supply department for products and R&D.
The single form of sourcing, the fragmentation of each link in the supply chain, the adverse selection, and moral risk, all of these factors caused by information asymmetry led to low sourcing efficiency and poor procurement timelines and functionality.
With the development of supply chain management and enterprise management, procurement gradually forms multi-source collaboration and the trend of industry chain integration.
In recent years, the development of big data, artificial intelligence, the Internet of Things, etc. have provided technical support for procurement informatization
Let’s take China as an example, the size of China’s digital sourcing market reached RMB 880.9 billion in 2020, with a year-on-year growth rate of 49.3%, and is expected to exceed RMB 1.5 trillion in 2022.
In the future, the procurement business will be intelligent on the basis of full digitalization, and the Sourcing ecology will be reconstructed.
Supplier Choice and moral risk lead to low procurement efficiency, poor procurement timeliness, and functionality
Under the traditional procurement model, enterprises invest a lot of energy in manufacturers’ sourcing and price comparison but still cannot find cost-effective suppliers.
Digital procurement relies on big data, the Internet of Things, cloud computing, artificial intelligence, mobile Internet, and other digital technologies, enabling the sourcing companies to transfer supply and sales data through the whole supply chain
Gradually, a sound supply chain ecosystem has been forming.
Deeper integration between Product solutions and enterprise management processes
From the perspective of Sourcing demand, enterprise procurement focuses on factors such as product quality, delivery timelines, logistics, and distribution;
From the supply side, the e-commerce platform has the advantages of quality control, supply chain ability to quickly respond to customer demand,
The e-commerce platform cooperates with the industrial belt and directly connects the sourcing enterprises, thus meeting the demand of enterprises in higher efficiency.
Digital Sourcing service companies provide customized services to enterprises through efficient development capabilities.
The efficient cycle of Management
In addition to covering the entire Sourcing chain, digital procurement can also realize the intelligent collaboration of inventory, logistics, finance.
Through digital transformation, it promotes the organic development of the whole industry and the integration of the whole chain, and the supply chain management can achieve higher efficiency for win-win cooperation.
Sourcing Agencies you can trust for Sourcing products from China
Tci
TCI is a company that has been in operation for over 30 years.
They are committed to helping companies of all sizes source products from China or develop sales within the country, while also providing services around Asia Pacific Region with an emphasis on Hawaii specifically where they have offices located at both ends – namely Chicago overseeing North America’s trade routes alongside their counterparts down under who serve Australia & New Zealand respectively
TCI moves swiftly between nations working closely together but maintaining independence one client at a time.
Pangea
Pangea is the best place to go for product sourcing in Australia.
With our partners across China, the UK, and other markets we can assure you that they will provide high-quality products at competitive prices with quick turnaround times so there’s no need to worry about inventory or delivery logistics!
Sourceone
We’ve been in the business of sourcing products for over 30 years and we know what it takes to get you a competitive advantage.
We help your company save on materials, costs associated with transportation as well as time spent finding a reliable supplier by giving them all under one roof!
We are so confident about our service that if within 3 months from now after using us once again; there is no further need or desire then just give me call because i’ll be happy enough doing this job solely based on client satisfaction alone!!!
Jingsourcing
Jingsourcing is the most reputable sourcing agency online, with 60 dedicated staff members. They help clients find best manufacturers in China and ensure quality of products before they are shipped out to your doorstep!
For new importers like you who need assistance navigating through this process or any other difficulties that come up during it – JINGSFORMATION will be there every step along on how we can make things simpler for everyone involved so let us know if there’s anything at all regarding our services which does not suit what customer service means to us here
Sourcing Allies
With our multinational team, we’ve helped companies across America and Europe source over a million products from China as well as India. We take you through the process of getting quotes for factories while managing any complexities involved in manufacturing their goods – so they’ll always arrive at their destination right when it’s needed most!
Valians International
Valians International has a team of project managers based in Poland and an international network that stretches across 20 countries. Our values-based service approach to projects means we’ll be able help you with your Eastern European endeavor, no matter where it falls on the spectrum from small businesses or large corporations!
If you want to get more information about sourcing agencies, welcome to read our relevant blog:
Conclusion
In a globalized sourcing world, it is important for businesses to be able to properly assess and mitigate the risks associated with product procurement.
By understanding different types of manufacturers and how to source them, businesses can feel more confident in their supplier choices.
Additionally, by outsourcing procurement activities, companies can enjoy a number of benefits including cost savings, access to new markets, and improved efficiency.
If you would like more information on any of the topics covered in this blog post or have questions about sourcing products from China, please do not hesitate to contact us. We are happy to help!