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Three Reasons Why Engaging Global Business Facilitators Is Recommended
China is considered as the second biggest economy in the world. It is not surprising that many companies want to make business with Chinese firms and suppliers. Despite misconceptions by the general public about the quality of products from China, seasoned capitalists continue to source products from the country because of the following specific reasons:
Rich Supplier Base
To say that China’s supplier base is rich is an understatement. It is estimated that one-fifth of the world’s manufacturing is done in China. Here, almost everything imaginable is manufactured, from appliances, food, textiles, furniture, consumer electronics, cars, toys, household items to apparels. Although many of the sub-components and materials are exported from other countries, assembly work is performed in countless factories across China.
Factories are also surrounded by supporting plants where materials are sourced or sub-assembly is made. The sheer amount of manufacturing plants in the country further lowers the cost of production in China, as manufacturers offer the cheapest prices possible in order to compete with the market. Add to this the well-developed infrastructure which supports the efficient transportation of goods and commodities.
Sophisticated Manufacturing
Product sourcing in China is boosted by the sophisticated manufacturing plants in the country. The biggest economy in Asia is also home to factories with world-class manufacturing capabilities. In China, factories engage robotics-based automation to ensure superior quality of the products. Factories in this East Asian nation also provide topnotch efficiency, quick turnaround time and excellent customer service.
Competitive costs
But arguably the biggest reason why companies continue to source their products from China is the low cost. The labor force in the country remains as one of the most competitive in the world. While labor expenditures in China have steadily climbed annually by 15% since 2008 when a labor contract law was passed, the wages of Chinese laborers remain lower compared to their counterparts out west. Cheap labor costs in the country are also a result of the massive workforce in China. The world’s most populated nation with more than 1.3 billion people offers a large manpower complement to support the huge production demand for manufacturing and related industries.
Product sourcing in China makes a lot of sense from a business point of view. Corporations can maximize their earning potential by ordering superior quality but cheap goods or products from China with the assistence of international business facilitators.
The Buying Agent That Helps You Find the Best Supplier
Why do business with a trading company that buys different products from different companies, stocks them, and sells them for a commission, when you can work with a buying agent that will help find a supplier and directly contact them?
It is a good thing that Maple Sourcing is not a trading company but rather, a buying agent that does not charge commission from suppliers and will even help you get the lowest possible price for the product that you are looking for. It offers factory sourcing, a service that will help you choose which factories are best for your needs.
Your First Step to Successful Buying
Are you looking for the right factory to manufacture your products but you are pressed for time and do not know where to start? There’s no need to panic because Maple Sourcing will help you find the right factory by sourcing potential factories that manufacture quality products at reasonable prices. Maple Sourcing will help you find answers to the following questions:
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Is the factory capable of making and delivering the order quantity required by the client?
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Does the factory have enough experience in manufacturing the products?
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Are they a reputable company?
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How well are they doing, financially?
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Do they have the resources and enough materials needed to produce the required products?
Auditing and Recommendations
Of course, it is not enough to investigate and gather all the data about the factory. Maple Sourcing’s promise as a buying agent is to help you choose the right factory for your needs, so you may expect to receive not only raw data that only tells numbers but other important details as well.
After auditing several factories for capacity, quality, and accountability, Maple Sourcing will also take pictures of the factory and provide independent judgments and recommendations. By doing this, it would be easier for the client to choose which factory is best for them.
Benefits of Maple Sourcing Service
Although some factories may have a good online presence or a professional-looking Website, this is not a guarantee that it will be able to provide you with the products you need, in the quality you want, and the time you allow. By having Maple Sourcing check the background and reputation of the company, you will be totally sure if you are going to buy from the factory or not. By checking the background of the company, you will know if it is indeed a government-licensed factory and not just another trading company.
With proper evaluation of a factory, you do not need to worry about quality and commissions. And with a buying agent like Maple Sourcing, you are one step ahead in finding the right factory for your needs.
A company needs to handle all aspects of their business in a way that will help them gain more profit. With Maple Sourcing, you not only get to ensure that your products’ quality is good; you also get the best rates possible.
Sourcing China: What Sourcing Agents Can Do For You
What does a sourcing agent do? For one, the agent will assist a company in finding sources for products and supplies at the lowest cost possible. This will help the company save time and money in production. Local companies can take advantage of sourcing agents to find the best prices. They have connections to domestic companies so they know where to find the best supplies. Overseas companies will find sourcing agents very useful as well. For instance, an overseas company who wants to buy supplies from China can use sourcing China to locate companies they can work with.
The agent will first assess the company’s needs and meet with suppliers to check if they are able to meet the requirements of the company before ordering supplies from them. Sourcing agents will do all the work for you, including doing inspections and making evaluations to address concerns that might affect the quality of the products that they supply.
Companies will find that working with sourcing China agents will be a lot more convenient, especially if you are based overseas, because the agents are more familiar with the laws and customs in the country. You can have the sourcing agents deal with issues like import and export tariffs, and taxes. If you let someone who is unfamiliar with the norms and practices in the country you are buying supplies from handle the task, there will always be a risk of a holdup somewhere along the supply chain.
The job of a sourcing agent is not always easy. The job requires knowledge of multiple languages, superb negotiation skills, coordination skills, and good business sense. Corruption in certain regions can also complicate negotiations. That is why having someone familiar with the culture and business in the country is very important. A good sourcing agent will be able to cut through the red tape quickly and efficiently so as not to cause any more delays.
Therefore, if you are an overseas buyer planning to buy supplies in China, it will be best for your company to use the services of sourcing China agents. Some of them work for a single employer while others may represent a number of companies. You can find them in different ways, such as searching on Google. Some are also registered with government offices and trade associations, so you may want to try looking through reliable authorities as well.