One of the most important decisions for a manufacturing business is partnering with a reliable sourcing company. This will ensure that you are able to uphold your quality standards, reduce the cost of manufacturing, and improve your profit margin. While you may know that you need a reliable sourcing partner, you may not know how to determine if you’ve found the right company with which to partner. Here are some ways to know you’ve found a reliable global sourcing partner.
The best way to tell how a sourcing company will treat you is to determine how they have treated other companies. If others have had a good experience with them, you likely will as well. You depend greatly on your sourcing partner to supply quality custom parts to manufacture your products, so you don’t want to depend on trial and error before finding the right one. Receiving referrals from other companies will provide assurance that you’ve found the right sourcing company.
Communication and Customer Service
The right global sourcing company will provide highly effective means of communicating important production information on a timely basis. All stakeholders should have access production updates and critical documents, including the customer, the global sourcing company, and the factory. This allows the customer to make informed decisions regarding their manufacturing project, and allows all parties to mitigate risks of lost time and money through improved project management.
When partnering with a sourcing company, you need to be assured that they will provide quality products for your business. While it may be tempting to partner with the company that quotes the lowest price, that company may provide products that are of lesser quality, potentially hurting your production and your company’s reputation. The best option is to find a global sourcing company that offers sustainable value pricing coupled with a solid quality assurance process.
Types of Services
While some sourcing companies do only the bare minimum, others will offer services that will provide great assistance to your business. The best option is to find a sourcing company that offers scalable services, so that you select and pay only for the services you need. For a global sourcing company these services may include sourcing & manufacturing management, onsite quality inspections, shipping and logistics management, domestic warehousing, and design/engineering services.
The sourcing company that you partner with is one of the most important decisions for a business, as this is who will provide the custom component parts for your products. These tips will ensure that you find the right global sourcing partner to provide quality materials in a timely manner. Contact Axia Sourcing if you’re in need of a reliable sourcing partner for your business.