Sourcing vs. Procurement: What's the difference ?
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Sourcing vs. Procurement: what’s the difference?

Sourcing and procurement are two distinct but interconnected functions within the realm of supply chain management. While they both deal with the acquisition of goods and services for a business, there are notable differences between the two.

It’s actually quite important to know the difference between these two terms to make strategic decisions, select and manage suppliers effectively, achieve cost savings, and evaluate risks. Basically, it can optimize your supply chain performance and enhance overall procurement outcomes. Discover the subtleties between the two terms to help you make clear decisions. From the careful selection of suppliers to internal needs management, every step counts.

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find manufacturer product online store
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How to Find Manufacturers for your eCommerce products?

Starting an eCommerce business can be an exciting and rewarding venture, but finding the suitable suppliers can be daunting. Your suppliers are critical in ensuring that your products are high-quality and delivered on time, which can directly impact your business's success.

With so many options available, it's important to know how to navigate the supplier search process and find the right partners for your business.

In this blog post, we'll walk you through the key steps to finding suppliers for your eCommerce products, including how to determine your product needs, identify potential suppliers, evaluate and compare suppliers, and negotiate and finalize supplier relationships.

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CORONAVIRUS (COVID-19) IMPACTS
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Coronavirus (Covid-19) impacts on import/export business

Coronavirus or (COVID-19)  emerged from Wuhan in China in late December 2019. It spread very fast and in a short time all around the world. Up to this day it has claimed lots of human and economic casualties. So what's the impact of this crisis on imports/exports, suppliers, logistic services, SMEs ? how did Covid-19 affect China economy and its trade partners? and finally an effective vaccine for the virus?

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Yiwu market
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How to find suppliers from Yiwu Market? [Full Guide]

Now imagine that you need to buy your nephew a toy car in a market, or a store near your apartment. How much does it cost? Normally it's like $20 or above. However, if you are going to get 100 toy cars, the price can be negotiable and it's definitely less than what we have suggested. Why? That's the advantage of bulk purchasing. Imagine if you can save only 20 cents daily, then that will be $73 in your bank account per year. Here we have the best place for your buying in bulk which can save you a huge amount of cost- Yiwu Wholesale Market, which basically a place resembles Alibaba, offering the lowest price but in the meantime, you can really feel the quality of the products offline by yourself.

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the way to find the best supplier
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How to find the best supplier?

What is a supplier? A supplier is a corporation or individual who provides various required resources to the business and its competitors, including the provision of raw materials, equipment, energy, and labor.

Normally, the condition of a supplier has a huge impact on the marketing activities of the enterprise. For instance, raw material price changes or shortages will affect the product's price and delivery time, which will, therefore, weaken the long-term cooperation and profits of enterprises and customers.

As a consequence, marketers must have a more comprehensive understanding and thorough analysis of the supplier's situation. The supplier is both a competitor as well as a partner in business negotiations.

So, how we choose the best supplier for our business? Follow us if you want to know more details! Want to learn more about our services, fill our online form: Contact Us.

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is there an alternative to alibaba
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Is there an Alternative to Alibaba?

When thinking about importing from China the first thing that comes to our mind is Alibaba.  However, Alibaba is not the only option for sourcing from China. In this article, we will see 10 other options to source and import from China.

You might read this article because you are thinking of finding another alternative for importing rather than Alibaba.  This might be because you and your competitors all use the same sourcing channel and you end up with no competitive advantage against your competitors in the market.

Some think of alternative because of the large number of trading companies or middlemen which exists on Alibaba. And most of the time it’s hard to differentiate them from manufacturers.

Nonetheless, for what so ever reason you are thinking of alternatives to Alibaba, you are in the right place if you are thinking of an alternative to Alibaba.

So what alternatives are there to Alibaba?

In this article, we will tell you about 10 alternatives to Alibaba.

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How a sourcing strategy can rocket your margin
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How a sourcing strategy can rocket your margin?

If you're in the business, no matter you're a senior or a newbie, you must know the fact that due to the unique feature of being in international trade, the whole process may take 2-3 months to close one deal. With all the risks in between, especially under COVID-19 situation, you may lose confidence in the final margin.

Don't.

All the uncertainty will be possible to increase the risks, it also will create the space for more opportunities.

Try to look at things in a longer run, if the current situation disappoints you, wait a bit and look for different ways to definite it. Something uncertain perhaps brings pains, but also gains.

Sourcing strategies are one of the surprises, as long as you master the skills.

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misconceptions of importers from china
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4 misconceptions of importers from China

Not all products worth importing and as an importer from China you might be interested to know which products you should avoid importing.

If you go to the different listing of categories on Alibaba or eBay or any other platform, you will find out that most of the products are made in China.

Despite the rising labor costs and trade wars among China and its opponents, China is still the factory of the world and most of the importers choose Chinese suppliers. One of the important reasons is the expertise and experience of Chinese manufacturers. Thanks to the years of producing and working with different companies and their now Chinese manufacturers have the skills which can’t be found elsewhere in Asia.

Despite years of importing from China still, e-commerce importers face many challenges with Chinese suppliers.  One of the main concerns regarding importing from China is the persistent misconception about product quality.

Most misunderstandings with Chinese manufacturers rise from poor communication, vague requirements, and not being prepared. In this article, we will talk about the most frequent misunderstanding of importers from China.

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everything about shipping costs for importing from china
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Everything about shipping costs for importing from China

How does the transport from China to your company work?

When you decide to import products from China, you think that there are not many expenses on transport costs to be made and instead you have to evaluate many other costs that we will present in this article.

To calculate the transport costs you need to know how the transport from China to your company works and the different expenses you will have to do to make the transport.

What are the transport prices from the warehouse to the port?

When we talk about freight charges, we mean the shipping costs from the port of shipment to the port of destination in the buyer's country and are balanced on the local taxes paid in the destination port, but also on the volume and weight of the containers.

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amazon selling strategy
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The Amazon Efficient Sourcing/selling Strategy

The simple strategy of finding a product that has a good sell on Amazon, and ordering a generic version of it from China with your own label is the common and hot strategy nowadays on Amazon. This might look very simple and you might find lots of people following this strategy.

However, the number of sellers on Amazon following this strategy is to decrease. And they are not getting the good fortune which was promised by training courses, because this might not be the best strategy for a long-term business.

Considering the fact that there is a very intense competition between Amazon sellers finding a good product that has a well sell on Amazon is really difficult. Although there is another sourcing strategy that does not depends on importing neither on find the perfect product and it’s not easy for others to compete against you. If you would like to find about more about it, stay tuned.

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