Global sourcing is a big term that is getting popular in businesses. Each business wants to save its time and money as well as improve its RoI. Sourcing from another country can help in achieving maximum return on investment. In this blog, we will try to find out who exactly needs the sourcing agent or company? So, let’s begin
1) People who have no experience in importing goods from any foreign country.
Imports from any foreign countries involve very complex aspects, such as hiring suitable and reliable suppliers to oversee production, testing of product and quality control, shipping, to name a few.
If you are inexperienced in purchasing or sourcing any product from foreign countries, you can find a global sourcing company in order to help you start your first importing venture.
2) People who can find multiple product categories
If you choose two trusted suppliers for one product, you may need to contact more than ten suppliers. Suppose you are looking for ten products and contact at least a hundred suppliers and check them out. Furthermore, the sourcing agent or company can not only do the tedious work more efficiently but also consolidate all the products it needs.
3) Large retailers or supermarkets
Does it say that a large, resource-rich, and experienced importer does not need any supply agent? Definitely not! Large companies also need them to manage their supply chains better.
Take the supermarket chain as an example; they will need to buy thousands of product categories. It is almost impossible for them to go to all the factories and buy each product.
All retail giants, such as Target and Wal-mart, buy their products from various resellers and distributors.
4) People who sell any special product categories
In addition to daily needs, there are several categories of special products, such as chemicals, building materials, medicine, to name a few. Take the Chinese chemical and medical industry as an instance. It is quite difficult to find suppliers, either online or in the exhibition. Therefore, you should rely on global sourcing services or commercial companies specializing in this area to help your business.
Have a look at some benefits of global outsourcing agents or companies
A reliable purchasing agent or company plays a crucial role in purchasing international trade.
- They can easily find suppliers that offer competitive prices and good quality. Finding the right supplier can help you find competent and dependable manufacturers. Because a good agent or global sourcing company already has many factory-qualified resources that cannot be found online.
B.They can enhance the effectiveness of delivery. A local supplier or sourcing company can help overcome language as well as cultural barriers. The sourcing company knows exactly what he wants and negotiates the details of the product with suppliers and, in turn, communicates fluently in the local language, which reduces communication costs considerably.
C. Reduce the risk of foreign imports. A good supplier or sourcing company must have experience in manufacturing products, certificates of conformity, quality control, rules of the import as well as export process, and international transport.