Many of today’s successful companies have embraced globalization, expanding business operations overseas to reach unprecedented heights. Maintaining successful relationships with companies across borders is a great way to improve your bottom line, which is why making China your sourcing hub is a great idea.
If you leverage a profitable supply chain network, utilizing an agent for import from China, you can benefit from collaborating with the manufacturing capabilities China has to offer. Regardless of your company’s stature, it’s definitely worth exploring your options and taking advantage of this lucrative sourcing destination.
But why exactly? Let’s delve a bit deeper into the advantages of sourcing products from China:
Top Benefits of Sourcing Products From China
Here’s why you should work with a Chinese sourcing agent:
Expansive Supplier Base
Western businesses can take advantage of an extensive network of suppliers in China, which is why so many of today’s successful companies import goods like electronics, textiles, toys, and more.
With such an expansive supplier base at your leisure, you’ll certainly benefit from working with a sourcing agent. Companies like these can leverage years of cultural understanding, knowledge, and relationships to help you import products from anywhere in the world.
This is a highly useful way to reduce overall costs, whether you’re looking to import from China to UK, the US, or anywhere else in the world.
Top Tips for Improving Your China Supply Chain
China provides countless sourcing opportunities for businesses around the world, meaning you can take advantage of low-cost production, an advanced talent pool, and workforce maturity. That’s why it’s so important to devise an efficacious sourcing strategy to propel your business to new heights.
Working with a Chinese sourcing agent like Easy Imex is a great way to navigate the complex business landscape in China, to create a healthy supply chain that generates exceptional results. With the right guidance and an effective strategy in place, you’ll avoid future complications, whether you’re looking to import garden furniture from China, electronic devices or any other goods.
Here are some top tips for maintaining an effective supply chain:
Liaise with a Reliable Sourcing Agent
Working with a procurement agent will bridge the gap between material buyers and suppliers/manufacturers in China. What’s great about sourcing agents is they can leverage considerable local knowledge, experience and relationships to strike up the best deal possible.
With a solid network of manufacturers and suppliers, a sourcing agent can discover the right suppliers based on your individual needs and requirements. They can assist with the production and shipping processes, saving you time, money, and other resources which can be reinvested into your company.
Establish the Right Shipment Value
As an importer, it’s crucial to understand the intricacies of the supply chain process. Though you should certainly trust the expertise of the sourcing agent you’re working with, it’s critical to be prudent and understand what decisions will generate maximum value for your business.
One important consideration is shipment value, which when declared incorrectly can lead to hefty fines. You can even be banned from future import activities if you get this wrong, which is why declaring an accurate shipment value is so important. Communicate with your sourcing agent to maintain a smooth-running supply chain and ensure your shipment value is declared correctly.
There’s a strong chance your sourcing agent can coordinate the production process accordingly, but it’s best to stay actively involved in proceedings. Keeping an eye on quality control means working with the right factory in China, to ensure you’re getting what you pay for.
You should also provide clear product specifications to your supplier so they can communicate your desires with the factory. Once your products are finished, you should ask for a quality control report to ensure the final product aligns with your expectations. This is a great way to identify whether there are any quality inconsistencies, or if your product seems to deviate from your original sample.
Quality control will ensure products don’t leave the manufacturing unit without defects, as you secure a high-quality product line that fulfils your ambitions.
Awareness of Different Payment Modes
When working with Chinese suppliers, you’ll have a wide range of payment modes to choose from. It’s important to select a payment mode that guarantees you get your money back if terms and conditions aren’t met, as a great way to cover yourself just in case things go wrong.
It’s important to be financially covered in the event of excessive delays or quality discrepancies, which is why it’s essential you know about the different payment methods available to you. Your monetary transactions will be defined by your terms and conditions, and since most Chinese suppliers accept credit cards you should be covered if terms aren’t met. You can also consider alternate payment methods like Paypal and Western Union.
Embrace the tips outlined in this article and you’ll be one step closer to maintaining a successful supply chain. China is the sourcing hub of the world, so once you are well-versed and working with a knowledgeable company like Easy Imex, you can establish a robust sourcing strategy to elevate your business to new heights.
Easy Imex offers sourcing services to scale your business, prioritizing faster lead times, better pricing, improved product quality, and more. The company’s one-stop solution is the best way to find the right factory for you, as representatives can leverage years of industry experience to streamline your business processes.