Delivering strategic sourcing improvement doesn’t just come from finding new suppliers, it starts internally with understanding the business strategy and direction, market intelligence on competitors, customer direction and historical analytics.
Amongst experienced sourcing professionals, there is always a stigma about using a Chinese Trading Company, with the preference been to go directly to the source manufacturing unit.
Define a low-cost country sourcing plan that delivers cost reduction and meets quality objectives. Business typically gain a 10-35% cost savings through low-cost country sourcing.
Is this Chinese Vendor a Trading Company or Factory…they say they have 50 Workers? Basic guidelines to sourcing a new sewing vendors from a Canton Fair.
Attending the Canton Fair to source new vendors capable of delivering brand innovation and competitive pricing is a time-consuming task, but one that may be necessary to build a robust supplier matrix.