So many people are looking at about eighty-90 days (often a little more) from start of the project till delivery. In my experience, this is too long. If you don’t need to monitor the whole process directly, but rather just want to concentrate on growing and developing your business, then it makes much more sense to hire a sourcing company for your HIRE A SOURCING arrangement. You can delegate much of the mundane IT support to them and spend that time focusing on other, more important aspects of your business.
Let’s take a look at some of the different types of sourcing available. Most Asian countries have quite rigid business models, and outsourcing such functions can be a problem unless it is carefully tailored to suit the national framework. In many cases they are going to expect you to run the processes in their own language – particularly for Chinese companies. For example, in China itself, you would struggle to find someone who could read and speak English, so any help on the technical side is going to be very useful. If they are expecting you to use a Chinese-based translation tool then your team may find it difficult to deal with issues such as overlap between different files when transferring data back and forth. Similarly, there may be significant legal boundaries around sourcing in different countries India manufacturing.
The advantages of a dedicated team in an Asian country for your HIRE A SOURCING arrangement are that they will be able to access the resources you already have in-house, rather than requiring you to find them and bring in new staff. They can provide industry and supplier experience with the additional benefit of a dedicated methodology, ensuring that all of your sourcing solutions are delivering exactly what you need. In short, they can make a real difference to the speed and efficiency of your sourcing process.
When you are in Asia, however, you may want to take a slightly different approach. There is probably no better place for a supplier or manufacturer to find potential suppliers than in India. In India, for example, there are dozens of government and private organizations that have been established to address a number of pressing issues. In particular, these organizations are focused on streamlining the delivery of goods to their customers. For example, they may want the best sourcing companies to deliver components directly to their end users, helping cut costs and improve efficiency in production.
In this scenario, there will probably be some lag time between sourcing companies finding and sourcing products. You, as the buyer, won’t know it is happening, but you will be able to use all of the benefits that come from an efficient sourcing company. For example, a great sourcing company will be able to provide you with access to the right supplies at the right price, as well as ensuring that they don’t face any unforeseen delays or other risks. If you are a buyer in the middle of a major economic slowdown, you may find you need to buy more goods or services quickly to meet current demand, which can reduce the amount of excess inventory you carry and lead to reduced cost.
In this case, you may be better served to find a supplier with international experience and a wide range of contacts. The best sourcing company will also be able to help you work with your customs broker and ensure that all of the logistics processes fall under the purview of one company. This means one less thing for you to worry about during your supply chain run. In addition, your sourcing agents will be familiar with your local market, which will give you the best chance of getting the supplies you need at the most competitive prices possible. The bottom line is that if you are trying to make the transition to buying online, it is a better idea to consider the expertise of sourcing agents rather than hiring one in the Caribbean.