Creating a Practical and Profitable Sourcing Strategy

It is extremely important for companies that have a rapidly-changing product portfolio to stay ahead of the game. This is usually done by evolving the plan for the sourcing services during the time the product design time and actively seeking out potential suppliers that can best meet the projected demand. Since much of the technology can be very new, there needs to exist a supplier involvement from every early in the product development stage so that they can also deliver accordingly.

Because of the scale of operations in large companies, senior management from virtually all the functions need to be involved in the sourcing strategy development and implementation. This ensures that the procurement function is more deeply integrated into the business strategy of the company.

Managing Quality and Supply Consistency Risks

It is vital that companies whose fortunes depend substantially on the success of their sourcing services have a very well-established system of supplier inspection and certification. The process needs to take into account multiple parameters such as the vendor’s financial strength, manufacturing capacity, and QC systems. The process also needs to continually track vendor performance so that deviations can be addressed even before they impact upon the supply chain. Among the criteria used for vendor identification are its competencies, and ability to respond to disruptions in supply chain.

An effective risk mitigation strategy is put into place that not only investigates and identifies issues but ensures backup for sustained supply chain management in the face of natural disasters or supplier insolvencies. Long term investment and cooperation programs nurture key relationships, while joint promotion of identified products reduce supply-variability risks.

The Ideal Supplier Profile

The complexities of global sourcing services has elevated the status of suppliers from mere vendors to business partners. This necessitates a sea change in the way their role is perceived within the company. It also necessitates an appreciation that supplier performance lies not only in cost-effectiveness but also in driving innovation and maintaining high standards of manufacturing and associated support.

Creating a Practical and Profitable Sourcing Strategy

Basically, you end up thinking the suppliers to be extended divisions of the company itself. Of course, this means that suppliers too have to gear themselves up completely and also undertake a radical change in their perception of the relationship with their principals.

Balancing Local and International Sourcing

The days are long gone when global sourcing was a mindless pursuit of lowest per unit manufacturing cost. Companies have since then discovered the benefits of stable supply chains as well as the need for market responsiveness to keep in sync with marketplace dynamics. Products that need very short lead times are best manufactured at home, while lower costs can be pursued more effectively for products that do not see much change over a relatively longer period of time.

It may also happen that even though certain products or accessories may actually be cheaper to manufacture in a certain country, the extra cost of logistics and inventory negate such gains. It becomes more profitable to manufacture the item in a country where the item will be sold even if this means incurring a higher cost manufacturing cost.

Where FBA sourcing services by vendors include products that need further enhancements in a different country, the principals may well demand that the vendor manage their inventories or even setup their own assembly lines or manufacturing facilities. This not only achieves better economies but also complies with local government regulations regarding domestic manufacture of a specified percentage of production.

Sourcing Agent Options & Compensation

Sourcing Agents in China are compensated in a variety of methods. The majority work on some form of commission. Commissions generally can range from 3-15% of purchase value which is not unreasonable when the savings generated can double that amount. The problem with working on a commission is that the Agent has no motivation to decrease the price, and may tend to try and make one-off big-ticket deals that may not be in your best interest.

Another compensation option is a percent of savings scheme where payment to the Sourcing Agent is based on your savings. This is difficult to arrange, as it requires full disclosure from all parties. Furthermore, your agent will now be inclined to advocate for whichever factory has the cheapest price. Often this is not the best price/quality ratio for your given target price.

The best option is one that aligns the buyer’s and sourcing agent’s interests. This results in some form of a Monthly Supplier Management Fee (perhaps in combination with one of the above mentioned options). Under this method the Sourcing Agent’s job is to get the best price/quality ratio possible based on buyer’s exact needs.

Sourcing Agent Options & Compensation

An arrangement of this type with a trusted agent who has a presence in the local market is of great value and provides peace of mind to the customer. This option will lead to a long-term relationship built on mutual understanding rather than one-off commission-based deals or legal documents (like letters of exclusivity) that mean very little in the reality of China. The agent’s job is to make sure you remain profitable and are a happy customer.

A good Sourcing Agent is not afraid to work in a very transparent environment where you have full disclosure of OEM and product information. Be wary of agents who want to keep you in the dark.

Companies that are understaffed or on a tight budget can turn to China sourcing agents. Outside help on China sourcing ranges from matchmaking to consulting on logistics and quality control. procurement agents’ fees in China sourcing range from 3 to 12 percent of the purchase price, depending on the level of service.

Wholesale Christmas Ornaments for This Festive Season

Christmas is just around the corner and many people are looking for wholesale Christmas ornaments. Since ornaments add that special touch to the holiday, it would be a great idea to decorate the home extensively with wholesale Christmas ornaments. The ornaments and Christmas decorations that you place on your tree are usually made from wood, resin, china and even glass.

Wholesale Christmas ornaments gives you the opportunity to save heaps of money that you would be able to use on other things. However, with the vast range of ornaments available, you can surely find all that you need even if you are planning to have a special theme for the season. The prices are low because most of these LED lights are produced by LED Christmas lights wholesale China for a very good price.

There are many different types of Christmas ornaments available, but the most popular types are the moveable ornaments, illuminating ones, musical ones and the edible ones. The moveable ornaments are the latest ones available and these are really attractive and no buyer can even think of resisting them. They are really loveable pieces and have the flexibility to move. They are available in different sizes, shapes and prices as well.

Wholesale Christmas Ornaments for This Festive Season

Since Christmas trees do not look good without lights, illuminating ornaments have increased in popularity. They are available in different shapes and can be quite costly as well. But, no matter what the price is, they surely add that special touch to the festive season.

Musical ornaments are also really cute and they are simply enough to get people in the celebration mood. They add cheerful, charm and joy to the whole occasion. Edible ornaments had been around for ages and were used to decorate trees. Previously, they were not so popular, but now they are available as cookies, muffins and chocolates and can be used to decorate Christmas trees in a delicious way.

Where to Get Quality Power Supplies?

If you have been looking for a company that offers power supplies, then look no more because you now found it. Getting supplies is never difficult; however, getting quality supplies is quite hard. Therefore, when you do spot the best company, then your experience on buying these products is bound to change. There are many LED lighting manufacturers China to choose from too.

New projects

In case you are starting a lighting project, then this is the best place to seek help. You may be confused and torn on the kind of products to use. However, here, you will get experts who have diverse knowledge on such issues and will be able to give you suggestion son the best methods that you could use. Again, should you need these products, they will be able to offer them at cost effective rates.

The need to offer custom services is also quite strong. In case you have special requirements, this is the best place to seek assistance. As it is, what works for you may not work for the other person. You will thus gain access to services that are tailor made to suit both commercial and residential property owners.

Where to Get Quality Power Supplies

Varying products

Their products are quite many. They range from solar powered LED street lights and LED tube lights. The fact that they work with a team of engineer means that they are committed to offering quality services. They are quite innovative in terms of technology and will thus ensure that the products are energy efficient. Again, they all come from reputable manufacturers who take pride in having quality products in the industry.

Issues of pricing should not be an issue. They have occasional discounts and this means that you can benefit from such deals. You will also find that they have very convenient payment methods. Thus, you will find that you can comfortably pay for the services without causing so much financial strain.

From the service providers you will find a variety of products. They range from LED flood lights to other lighting equipment. If you are uncertain of what you need, then you only need to visit their website. You will find a team of experts who are ready to offer you help on such matters. The great thing is that all of these products come with a warranty you can be sure that they are quality.

How to Select Printed Circuit Board (PCB) Manufacturers

It is not an easy job, if you have to choose printed circuit board manufacturers or PCB manufacturers, as they are generally referred. Irrespective of whether you have unlimited funding or a limited budget, the first and the foremost requirement is a reliable and good PCBA manufacturer for your company. With certain tips and guidelines kept in mind, you can definitely go miles, and zero in on suitable circuit board manufacturers.

To get started, get an initial list of printed circuit board manufacturers. You may need to do a search on the internet for the PCB manufacturers, or you may get details in industry meetings and tradeshows that are conducted to give prospective customers an idea about the products and services.

If you can get DSCC, QPL or QML list, with the names of a few PCBA manufacturers, then you already have a few links to follow. Being on these lists ensures that circuit board manufacturers have high quality measures, and latest technology for manufacturing.

Keep in mind that a printed circuit board manufacturer in your area will be a boon to you, as they are easy to reach in case, you have to inspect their facility, or some problem later. In case you have a large budget, then you can certainly keep the aspect of local PCB manufacturer aside.

How to Select Printed Circuit Board (PCB) Manufacturers

Now from this list of PCBA manufacturing companies, you need to zero in on printed circuit board manufacturers who have the capabilities that you require. Another important thing to consider is accreditations and customer certifications.

If you are new in this field then it is better to take help from old-hands, as they can assess quality along with long time reliability given by these circuit board manufacturers.

Find out about on-time delivery capability of all the printed circuit board manufacturers. And if you have some references, find out the percentage of defective products that they have received from the PCB manufacturers. Provide these PCBA manufacturers with a few designs and get a quote from each.

Another important aspect is checking the circuit board manufacturers’ facilities.

Verification and testing of the products is important too.

These simple measures can help you finalize a good manufacturer for your company.

Challenges and Techniques Used in PCB Fabrication Process

A printed circuit board is a self contained model of electrical support to surface mounted and socketed components in the electrical devices. The significance and combination of design, fabrication and customer demand of Printed Circuit Board plays a vital role in developing an exact product as specified by the customer.

A trend of complete turnkey has been adopted in the market right from control conceptualization, design, surface mount or through-hole technique, assembling, testing and delivery of order to the customer.

There are international standards followed to maintain an assurance over quality as well as durability in the printed circuit board. This solely depends on the type and level of design created for a prototype. The challenges faced at the time of fabrication like inadequate fiducials ( reference point ) , polarity , hole size, tabs, proper paneling , dry parts, vias in pads, large deltas, thermal relief , leadless devices, close proximity of devices, trace cuts, proper finishing and clear laminate stack solely depends on the blueprint and the design of the prototype.

Challenges and Techniques Used in PCB Fabrication Process

PCB fabrication process

Every product or prototype has a different layout as per the space allocation. There are special software to design the circuit model on the board. Raw materials are then arranged as per the volume of the production, the type of product and purpose of the product. According to the circuit pattern and model the quantity and quality of inputs are decided. This is a significant criterion to be considered to make the project a cost effective and qualitative one.

One can move forward with the PCB fabrication process after proper planning , design and adequate availability of raw materials .There are different types of process used for different kinds of PCB’s like two -sided, one sided and multilayered . To get started with the fabrication process the glass fiber is rolled to a particular thickness as per the design. The substrate material is curved by passing it to an oven. After that the layering of the copper foil are placed as per the size of the board. With this the holes are drilled on the layers as per the design and layout.

The copper is plated with the help of an additive or subtractive process. The inner layer core, copper foil and prepreg are combined together with vacuum, heat or pressure to laminate them thoroughly. This is when the PCB is to be fabricated with multi layers. The copper plating creates metallic base onto the holes and surface of the board. The outer layer is then coated with the same type of foil used in inner coating of the layers in circuit board. Tin plating is done to maintain the traces, pads and walls while operating onto the outer layer.

The Easy Game of Importing from China

Majority of the people in the world are the kind of people who are just satisfied by doing a job, and living out their lives. There are times when the kind of money that they make from their jobs is just not enough to satisfy the needs of the family. The frustration builds with the passage of time when the economic situation of the world itself is not good enough to give better opportunities to such people. However, it is important to realize the fact that there are always opportunities available in the market if they have the right kind of knowledge to support their goals in life. Many people wonder if they could have a side business that would help them earn extra money that they need to help their family with the things that they wish to have but are not able to manage it.

The only way to raise income within the family is to have a business that can be managed without actually producing a product or a service. This is possible if you are Importing into USA from another country into your own to set up a lasting business. There are many factors that go into setting up a stable business which even includes a certain level of investment. The risk involved in the process can be easily negated if you have the idea about the kind of needs that people have within their community. There are many things that people do not have, and nor they can be produced in the country to fulfill it. This is the area that an importer can target, and get the items that would sell like hot cakes.

A business is all about fulfilling a need that a community has for their daily needs, and a business can be easily developed around it. To Import goods from China is the greatest way to set up a strong business because the margins that the people can make will be very high. The cost of production from this country is low which makes the resale value of the products from this country high when it comes into a new system. This is the area where people can make large amounts of profit with least amount of investment. This is the right time to join the game which can be easily done through the American Importing club. They have their people placed at the right places in china, and they source all the products from the best suppliers in china. You benefit from their hard work as they bring the best prices through their negotiating techniques they developed over time. You do not have to face the language barrier, or the importing laws into the country because all of it is managed for you.

How You Benefit From Chinese Translation

China is not only the most populous country in the world; it also has the largest number of Internet users. The Chinese language is presently the most commonly used language in the world, and it is spoken in China, Taiwan, Hong Kong, Singapore, and many other places around the world. Most of the people who speak Chinese do not understand English, and they will rarely visit English websites. As such, the only way that you can tap into the online market is to translate your web site into Chinese. Translation will give you access to approximately 20% of the world’s population, and this can take your online success to a whole new level.

If you have your website translated into Chinese, you may not even have to advertise yourself to reach out to the China people. Your website may appear in Baidu, the most popular China search engine, when someone uses relevant keywords to perform a search. If you have a lot of Chinese content in your website, you will be able to get higher rankings in Baidu, which will improve the visibility of your web site significantly. With so many China people using the Internet, it is not surprising that the number of visitors in your website will double or triple after you translate your web content into Chinese.

How You Benefit From Chinese Translation

Another benefit of translation is that it can make your web site look more professional and authoritative. Internet users have the impression that websites with translated content are reputable businesses, and they prefer to buy products or services from these websites. If you translate your web content into Chinese, using the professional Chinese translation services you are taking extra measures to reach out to China Internet users, and this shows your commitment to meeting the needs of your customers. In turn, your customers will feel more encouraged to buy from you and introduce your web site to their friends.

Additionally, Chinese translation will make your website user-friendlier to the China people. Since they can understand all the content in your website, they can navigate your website more efficiently, find the information they need about your products, read your terms and conditions, learn about your shipping rates and regulations, make well-informed choices, and place orders more confidently. This will make their shopping experience more complete. Many online businesses lose foreign customers because they are unable to provide a satisfying shopping experience for them. You can avoid this by translating your entire web site into Chinese.

Import from China a Major Player in International Economy

Presently, Chinese goods are flooding the markets around the world. Importing from China has an unprecedented growth over the years. But there was a time where there has been significant decline in the import / export business in China due to the global economic recession. This has changed starting December 2009 when importing from China has shown growth which gave hope to many sign that the world is recovering from the economic crisis. By January 2010, China has achieved 20% margin growth, which indeed was a sure sign that the world is back in the business.

The Chinese economy is the third largest in the world, and the increased in Chinese Imports is helping the economy strengthen and making the country an economic power. Import from China has been established as a major player in international economy. The growth rate of the foreign trade in the country had been greater than the growth rate of the country’s GDP.

Import from China a Major Player in International Economy

Not only that China is making itself rise from the global recession, the country has also promised to stabilize the Chinese Yuan, to help other exporters who haven’t rise up yet from the effects of the recession. Since China imports have great impact in the worlds markets significantly, with the rise of Chinese import, the world’s economy also rose. Because of that, it has been speculated that China is not far off from becoming an economic power.

With China specializing on its imports, they became a great competitor to other Asian countries that also exports the same products as China. It is evident as of today that China is really developing its way to one of the top nations that has great monopoly over the world’s economy. Thus, importing from China to USA is blooming. And unlike other countries, China is a stable one, with a stable government that plans and comes up with better policies and strategies to develop further their import / export. This is a country that anticipates the future and plans ahead, execute this plans and still have time to make the country rise from the recession.

Few things you should remember while importing products from China

Importing products from China can definitely be beneficial for your business as the country no doubt; has achieved expertise in manufacturing a wide range of products and exporting the same to the worldwide market. Especially, in the field of Electrical & Electronics, Apparel & Accessories, Furniture & Furnishing Products, Chemicals, Computer Hardware, Lights and Lighting Products and Agriculture Equipment China export market has ensured a remarkable growth. Due to the latest technology involved in the manufacturing processes, the manufacturing cost for all the aforesaid products is very low and this is the reason, China export market has been able to create a niche in the world economy by exporting products at low cost to the world.

How to import from China – Following are some of the things you should remember while procuring products from China:

Quality of the Products

Ensure that the products you are shipping from China are of the best quality. Confirm that the price of the products is not too much and you can sell the products in your local market very well. You should also be sure of the demand for the particular product in local market. There are various hidden taxes, shipping charges, VAT, etc that might raise the price of the products to almost double.

The Company and MOQ

Research on the company, its clients, and its track record and find out that the company actually exists in the country. You should also know the manufacturing process, the raw material it uses, packaging, etc and deal with someone, who follows the latest practices.

You should also ask for Minimum Order Quality. If you don’t meet this criterion, your query would not be entertained.

Payment Options

There are various payment options available for you to make the payment to an overseas company. Letter of Credit is one of the many that is preferred by various companies. You can also choose to transfer money via wire transfer.