Making a decision on a supplier – pros and cons [Video]

Global SourcesUpdated on 2023/12/01

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By Gary Huang

Recently one of my coaching students was stuck making a decision choosing between several suppliers for his private label product.

One of the suppliers offered a better price, lower MOQ, but had quality issues. The second supplier had better quality, but at a higher price and larger MOQ.

I recorded this short 5 min video where I breakdown the decision making process.

What criteria to evaluate suppliers upon
What's the one thing you should NEVER neglect if you're an amazon seller
What I would do as next steps when I'm "on the fence" between suppliers
What we can takeaway from Amazon CEO Jeff Bezos' decision-making strategy to overcome analysis paralysis

Check out this YouTube video I recorded and let me know if you agree.

Gary Huang is an American based in Shanghai, China, and working in sourcing since 2008. He is the creator of 80/20 Sourcing, which helps small business importers quickly and efficiently source from China. Gary also serves as the Co-Chair of the American Chamber of Commerce in Shanghai's Supply Chain Committee. You may contact him at www.8020sourcing.com/contact.

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Making a decision on a supplier – pros and cons [Video]

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