Tag: procurement
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How to Evaluate and Select Reliable Chinese Suppliers
Selecting the right supplier is crucial for successful sourcing from China. This comprehensive guide will help you evaluate potential suppliers and minimize risks in your supply chain. The 5-Step Supplier Evaluation Process Key Evaluation Criteria Business Credentials Weight: 20% Production Capability Weight: 30% Quality Systems Weight: 30% Communication Weight: 20% Red Flags to Watch For…
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Expert Guide to Price Negotiation with Chinese Suppliers
Effective price negotiation is crucial when sourcing from China. Understanding the right approach can help you achieve significant savings while maintaining strong supplier relationships. Here’s your comprehensive guide to successful price negotiations. Before Negotiation: Essential Preparation Professional Negotiation Strategies Volume Pricing Strategy: Commit to larger volumes for better pricing Material Cost Analysis Strategy: Understand and…
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Understanding China Sourcing: A Beginner’s Guide
For Australian businesses looking to source products from China, understanding the fundamentals is crucial for success. This comprehensive guide walks you through the essential steps and considerations. Getting Started with China Sourcing Before diving into supplier searches and price negotiations, it’s essential to understand the fundamentals of sourcing from China. Key Considerations: Product Research and…
SourcingBud 