What do the average global sourcing company, the best global sourcing company, and the worst global sourcing company have in common? They’re all valuable to your business, depending on your needs and how they meet them.
Here are some tips on how to hire an outstanding global sourcing company and make sure you’re getting your money’s worth of services.
1) Understand the Role of a Global Sourcing Partner
Global sourcing companies allow businesses to find factories and manufacturers that they can work with to produce their goods. While some businesses may opt to manage their own overseas operations, many others seek outsourcing partners due to a need for expertise in dealing with China sourcing companies.
Although such companies can be found all over, it’s wise to hire one that has experience with overseas manufacturing or global sourcing.
2) Consider Your Needs First
There are a lot of global sourcing companies out there, and finding one that’s right for you can be a challenge. First, figure out what you need; are you looking to grow your business? Do you have a limited budget? Is the quality of service paramount to you? Are there certain industries or areas that you want to source from? Once you know these things, it’s much easier to find a company that matches your needs.
3) Don’t Overlook the China Market
The business has never been more globalized. There are few, if any, industries that don’t have their own global sourcing companies and China sourcing companies these days. If you want to stay competitive in today’s business world, it is essential that you begin exporting to new markets—especially China.
While doing business overseas can be tricky at first, hiring a good China sourcing company will help smooth your path abroad.
4) When Choosing Between a Large and Small China Sourcing Firm, Pick a Large One
An enormous china sourcing company has access to a wealth of resources, knowledge, and resources that a smaller firm might not have. A larger business has access to more suppliers than a smaller one, and thus can find even better deals when buying from China, or other countries.
A larger china sourcing company can also offer more products to its clients. Many small businesses are niche and only deal with products related to their industry; some very large businesses cover every conceivable product under one roof.
5) Ask the Right Questions
One way to find a great supplier is to ask around. Trade publications and industry blogs often provide information about high-quality China sourcing companies. The Internet is also full of feedback and reviews from other buyers, who can provide valuable insight into past experiences with certain suppliers.
If you have colleagues or friends in China, asking them if they know any quality suppliers can be another great place to start your search.
6) Do a Thorough Background Check on Potential Partners
Before agreeing to work with a global sourcing company, make sure you do a thorough background check on them. Check their ratings and reviews. Ask for references from other companies that have worked with them.
And, ultimately, make sure you have a crystal clear understanding of what your company can expect from them—and what they can expect from you. Your company’s success depends on it!
7) Get Access to Their China Factory Directories
First, consider what kind of products you want to make. Once you’ve decided that, try searching directories like Made in China, Global Sources, and Alibaba, which will show you factories that specialize in your product category.
This can be time-consuming but rewarding. Many factory owners will list their contact information right on their website; others are warier and may require a phone call to get a hold of them.
Finding a global sourcing company is just like finding any other business partner. Make sure to do your research, ask lots of questions, and be on your guard. Hopefully, we’ve provided you with some good insights into what questions to ask, and have given you some tips to help save you time, money, and grief. We hope that you not only find a great global sourcing company with ease but also develop a long-lasting professional relationship with them! Happy outsourcing!