Adrian hosts and Renaud is onboard to offer some cautionary advice about working with 'the cheapest Chinese supplier' with a focus on relatively ordinary consumer and electronic products. What might sound like a good deal could actually land you in hot water. Here's why...
Show Sections
00:00 - Greetings and introduction: Should we be wary of choosing the cheapest supplier?
05:35 - Warning signs from cheap suppliers.
09:54 - Do lowest prices = a stable relationship for the mid to long-term?
15:18 - Does a manufacturing contract protect you from the supplier making changes due to not being able to afford to honor low prices?
17:55 - What type of factory are you even dealing with?
24:36 - An example quote for very low-cost plastic injection mold tooling and the problems you might face in future if you accept.
27:23 - Avoiding the cheapest options and doing due diligence is a must for certain product types.
29:21 - What can go wrong when you work with a cheap/bad supplier?
33:47 - Is it really impossible to get a small factory to do a good job?
39:18 - 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:
Cheap Battery Risks And Why New Laws Mean Their Days Are Numbered
Reliability Nightmares! Titan Sub Disaster & Siemens Gamesa Wind Turbines
EU Product Compliance Overview & Tips for Buyers (Feat. Fredrik Grönkvist)
Partnering with a Chinese Factory: A Misguided Intention?
”Help! I Have No Idea What Reliability Testing My Product Needs!”
Question time! New Product Development, Purchasing Electronics, Supplier Bankruptcy, and Reliability & Quality Tips.
10 Key Factors Impacting Cost Of Electronic Product Design
Responsible & Sustainable Purchasing Practices
Observations about ’Post-Covid’ China for Visitors (June ’23)
Building A Product While Keeping The Whole Customer Journey In Mind
Why Sustainability Requirements Will Force Companies To Get Visibility Into Their Supply Chains
Product Returns? Here’s How Reliability Engineers Find And Fix The Issues.
How to Design Products with a Lower Environmental Impact
9 Key Questions When Developing A New Product (Part 2)
5 Ways To Turn A ”Cheap” Product Into A High Profit One
9 Key Questions When Developing A New Product (Part 1)
How To Do A Pilot Run Effectively? (Feat. Andrew Amirnovin)
Top 10 Mistakes Made By New Buyers In Asia
8 Hardware Product Development Tips for Software Companies
How to comply with CE and UKCA (for general consumer electro-mechanical products)?
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