Renaud shares 9 ways that importers who are using overseas suppliers to manufacture their products can save money.
Today, more than ever, cost-cutting is important for people at home and in business. Material costs, shipping, and energy costs are all rising, putting the squeeze on importers' profits.
So if there are ways that you can get your products made and delivered and shave the costs somehow, they're sure to be welcome. You'll learn how to reduce costs by sourcing great manufacturers, reducing risks during product design and development, reshoring or near-shoring production, optimizing the product inspections you're doing, and much much more!
Show Sections
00:00 - Greetings.
00:41 - Pre-chat: Our team member's story when she ended up in a quarantine hospital in China.
This episode can be heard here and real photos of the conditions are included: Travel To China In 2022 – Don’t Test Positive!
02:48 - Today's topic: 9 Ways for importers to save money.
03:29 - 1. Avoid big problems on the manufacturing & transportation side.
08:18 - 2. Avoid big problems on the distribution side.
14:04 - 3. Re-engineer your products.
21:42 - 4. Place larger orders with fewer key suppliers to benefit from lower pricing.
23:17 - 5. Use competition among your suppliers to drive down prices.
26:08 - 6. Avoid buying via a trading company if they don't add value that warrants the extra cost (in most cases).
29:49 - 7. Relocate manufacturing.
31:51 - 8. Internalize manufacturing (DIY).
36:21 - 9. Spend money more wisely on inspections, testing, etc.
41:35 - Wrapping up.
Related content...
Get in touch with us
Subscribe to the podcast
There are more episodes to come, so remember to subscribe! You can do so in your favorite podcast apps here and don't forget to give us a 5-star rating, please:
IP Protection when buying from China (Feat. Dan Harris, China Law Blog)
Exploring Plastic Injection Molding Pilot Runs
The Rise Of The Dragon: Exploring China’s Technology Dominance
10 Common Problems From Chinese Suppliers (& How You Can Deal With Them)
Quality Fade: Silent AND Deadly!
PCBA Protection: How to Care for the Heart of your Electronic Product
Traceability In Manufacturing: Far More Than Just A Safety Net
Boeing's Serious Issue: Bad Manufacturing Habits
Manufacturer's & Buyer's Risks in China: Mitigation and Insurance Tips
Chinese e-Bike/Scooter Battery Fire Risks Are No Joke! (Feat.Clive Greenwood)
Apple Vision Pro Cracking Up! Reliability Problems, So Soon? (BONUS)
Plastic & Metal Development Prototypes: Uses & Limitations
Handing Over To Manufacturing: Best Practices
Technology & Innovation in Freight Forwarding (Feat. Amit Rosenthal, CEO of Proboxx)
What's A Good QA Auditing & Inspection Program For New Products?
Why NOT doing ESD testing on new electronic products is scary!
Impact of Yemen's Houthis On Global Shipping in Jan '24 (BONUS)
The Experience Effect: The Key to Mass Production Cost Reduction & Efficiency
Alaska Airlines Boeing 737 Max 9 Near Disaster! Quality & Reliability Issues?
Cost Vs Quality - How Manufacturers Can Find A Balance
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money