Featured Sourcing Tips
The dangers of miscommunication: 4 examples to learn from
Even the smallest miscommunication with a China supplier can result in unexpected and undesirable situations.
"Mistakes can happen for a variety of reasons including, poor communication internally in the factory, lack of clarity on the original request or human error," said Jacob Yount of JLmade, who has been sourcing from China since 2003.
"Assuming anything in China manufacturing is the first step to a disaster," he added. Here are four real-life examples of how things can go wrong when the supplier misunderstands instructions or the buyer does not list their requirements clearly…
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Ask the Experts
Get practical answers to critical questions on how to source effectively from China:
Question: How to lower my exposure to risk when sourcing?
Answer:The answer to your question has two parts.
- How to find the right supplier in the first place, and to ensure that it is a legit seller and not a scam, or an under-performing vendor?
- After the order has been placed, how to verify that the goods shipped are up to your quality standards…
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Featured Sourcing Guide
Quality control agents: an insider’s look at their fee structure (part 1)
You can divide the China inspection agents into two groups: sourcing agents and inspection agents.
They will charge 3 to 15% (depending on size of order) for their service, which is inclusive of audits and inspections. I’m not a fan of this system for many reasons…
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Read part 2 of this series here.
Provided by Mike Bellamy at "China Sourcing Information Center"
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Featured Sourcing News
Establishing a VAT monitoring system for China
China has rapidly implemented value-added tax reform over the last two years, and it has pledged to complete the reform by finally extending it even to the financial services and real estate industries by 2015.
While value-added tax systems have grown in popularity worldwide over the last thirty years as a new source of dependable tax revenue, the Chinese value-added tax (VAT) system is unique and far more intricate and resource-consuming than normal. It is heavily dependent upon printed VAT invoices that can only be issued and used by resorting to elaborate verification processes designed to ensure tax collection and to curtail fraud.
Failure to effectively manage the system can result in substantial tax liabilities that may wholly consume already thin profit margins…
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By "China Briefing"
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Featured Sourcing Advice
Levels of China sourcing [Infographic]
The reality of sourcing in China is changing fast. The time when it was enough to find a reliable Chinese supplier to secure a strong advantage over competitors is over. Today, Chinese labor cost increases and the continuous move of Chinese suppliers toward increased added value, make it important for buyers to evaluate their sourcing strategy from time to time.
One useful framework that exists is the “Level of China Sourcing”. This infographic summarizes four levels of sourcing, based on its scope, commitment of the organization to it and the return that can be expected. It evaluates whether your company can do more (and benefit more) from China sourcing…
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