There are numerous advantages to sourcing from China. However, finding the correct provider, negotiating, and securing a good bargain may take some time. Understanding the Chinese market and dealing with suppliers takes a lot of experience, which is why you need all the advice you can get. This post will describe some of the best practices for sourcing in China, as well as anything else you need to know as a beginner.
Look for a Reputable Supplier
If this is your first time sourcing from China, your best bet may be a Google search. There are other websites where you can connect with vendors, such as Alibaba. However, it is difficult to tell the difference between a manufacturer or a reseller online, so proceed with caution. Although working with a reseller is an acceptable alternative when seeking a supply of cheap electronics or toys, it is preferable to choose a manufacturer when supplying products with technical criteria. If this is the case, it is best to take your time to look for the right manufacturer.
It is a must to verify the credentials of your potential supplier. There are numerous ways to accomplish this. You could request audited finances from the manufacturer, a product sample, and a copy of its Value Added Tax invoice. There is also a way to determine the factory's name, location, and the local government office that holds the factory's registration records, which you can use to confirm the supplier’s information.
Always Negotiate with Suppliers
You must begin negotiating once you have spent time shortlisting and locating a supplier. The idea here is to create a situation in which both sides profit. Before you start negotiating, make sure you have all of the data and information you need to present your case. This guarantees that you are knowledgeable and provides you with compelling arguments to counter your supplier's claim. Another crucial suggestion is to be exceedingly confident so that the supplier has faith in you and your company.
Build a Relationship with Your Supplier
Whether you travel to China to meet with your supplier or order online, you should always maintain a professional relationship with them. If you are sourcing from China online, you can use Chinese-language tools like WeChat to communicate with your source. There are numerous advantages to maintaining a connection with your supplier, including the possibility of receiving better deals and discounts.
Hire a Global Sourcing Company
Hiring a procurement service company may be a convenient choice for you if you are sourcing in China for the first time, especially if you are looking to buy products with technical criteria. Again, this is a good choice if you want to stay in your current location rather than travel to China for manufacturing and quality inspections. The China sourcing company you partner with will handle everything. Another advantage is having experienced sourcing agents in China who speak the language and can bargain with vendors on your behalf.
As one of the best sourcing companies in China, China Performance Group NJ provides essential support to both small and big companies who seek excellence from their suppliers. As a professional sourcing company, we are committed to providing the best quality service and efficient solutions. Contact us today for more information about our service.