Sourcing and purchasing: knocks out the competition:-
Sourcing is the process of finding and vetting reliable suppliers. Without this procurement/purchasing is not credible.
It takes a strategic approach and aims is minimizing costs and building a robust supply chain with long-term relationships.
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In the term of sourcing we have to care about:- :-
- Customer needs
- Assess current market
- Define winning supplier qualities
Procurement/purchasing is the process of placing orders with them, confirming the orders, paying for them, and following up to ensure everything was delivered correctly and timely. It uses supply chains developed by sourcing. It demands strategic and tactical components both.
In the purchasing process, these points come into the scene:-
- Your needs
- Purchase cost reduction
- Negotiate Contracts
- Requests Quotes
- Get budget approval
- Receive goods
- Match order and receiving reports
- Invoice payment
We have experienced all the logistics needs of businesses. Our expertise can help you avoid shipping issues so that you can turn your attention to other tasks.
Product quality, logistics capability, location, trade regulation, and IT sector capabilities like aspects are other influenceable points of sourcing and procurements.
As we know, China is called the "world's manufacturing factory.'' The massive workforce and low labor costs make China the first choice of industries for production, sourcing, and purchasing.
Trading from China is not easy and is not a viable option for everyone. As sourcing professionals we know all kinds of problems that companies face, it is not only small companies that experience these complications sometimes large companies also suffer from these hustles.
If you do not have proven experience in this area it leads to various problems like
- Language barrier:- It is almost impossible to do a deal with the people who don’t understand your language.
- Supplier selection:- In the broad Chinese market lack of knowledge, and insufficient knowledge lead companies to choose the wrong manufacturer, problems start from here.
- Cost reduction study:- when you start calculating the cost, certain factors may be not taken into account as payment of customs duties.
- Possible failures or errors in the product:- derived from poor communication or sometimes erroneous explanation of requirements lead to design errors and products that do not meet their expectations.
- Quality standards:- this is a huge problem in Chinese production. if it is not detected at the time, companies can cause a high setback.
- Long waiting times:- From the moment the products leave the factory until they derive at a company can take 3 weeks to 3 months in the worst case scenario and sometimes be worsened because it is impossible to monitor the exact state of the complete process.
- Customs:- it's become a real headache if they are not managed timely and well. Sometimes additional tariffs and fees to pay for the product do not meet the requirements of the product cost.
Trade without problem with us:--
WHITELINE has 15 years of experience in sourcing and marketing in China. We have built a strong network of trusted and suitable suppliers based in different sectors.
We can't say that no problems will arise but we assure you that we will have a solution for them.
We have a professional audit team for selecting suppliers according to your need, a well-versed inspection team for mass production quality control, and an efficient logistic team to manage your transportation.
