We wrap up our mini-series of episodes on how to do your own sourcing from China today.
Sofeast's CEO Renaud Anjoran has talked you through every stage of the sourcing process, from finding suitable suppliers, negotiating, getting your products manufactured, and building lasting relationships with them. The final topic focuses on improving existing supplier performance, in particular: How to keep their costs under control.
If their costs are lower, your costs are lower...
By the way, this is part 9 of 9 of this mini-series, and if you want to go back and listen to every earlier part of this series check out the links below.
Show Sections
00:00 - Greetings
00:58 - Brief recap of last week's episode about the EU Ecodesign regulation
You can listen to both parts on this topic here (Part 1) and here (Part 2).
04:31 - Why should we be concerned about our suppliers' costs?
07:45 - Who may be able to influence their supplier to undertake work to take control of costs.
10:28 - Using sourcing as a tool to control costs.
How factory owners or key customers can get their/their supplier's costs under control?
12:48 - 1. You find out what is driving their costs by visiting.
15:47 - 2. Stop buying in large quantities and making large batches.
21:39 - How to make suggestions to the supplier that they will listen to.
26:34 - 3. Tackle manufacturing aspects that are hidden costs.
29:21 - 4. Find hidden office costs.
35:11 - How does India differ from China?
36:44 - Summarising keeping costs under control.
38:11 - Mini-series wrap-up.
Related content...
These resources will also help you understand how to build relationships with suppliers or improve (or end) those that you already have:
And, if all else fails and you need to ditch your current supplier and switch to a new one...
Get in touch with us
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Why The Bill Of Materials (BOM) Is A Key Document For Importers
The Impact Of Chinese New Year On Importers & Tips To Prepare For CNY 2021
3 Types Of Quality Control Plans & Why They're Needed BEFORE Production
Pricing, Negotiation, Contracts | Vetting Chinese Suppliers (Part 10)
Exploring Good Manufacturing Practices (GMP)
How To Perform In-Depth Due Diligence On Your Supplier | Vetting Chinese Suppliers (Part 9)
The Basics of Quality Management for Buyers
Factory Testing Facilities | Vetting Chinese Suppliers (Part 8)
What Is Compliance Testing And When Is It Appropriate?
Analysing the (NPI) New Product Introduction Process & its Benefits
Exploring Process Audits | Vetting Chinese Suppliers (Part 7)
How & why to create a valid China manufacturing contract
All You Should Know About Management System Standards & Auditing Them
7 Manufacturing Challenges Due To Lack Of Transparency In China & How To Mitigate Them
Why Conduct On-Site Social Compliance Audits? | Vetting Chinese Suppliers (Part 6)
The end of Just-In-Time (JIT) manufacturing?
The Importance Of On-Site Factory Quality Audits | Vetting Chinese Suppliers (Part 5)
The State Of Manufacturing In China 2020 Survey (Results & Feedback)
What Are The Benefits Of The Shenzhen Free Trade Zone To Importers?
On-site, Subjective Factory Evaluations | Vetting Chinese Suppliers (Part 4)
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