How to keep your supplier’s costs under control? - Sourcing from China (Part 9)

2022-07-15

In this episode... We wrap up our mini-series of episodes on how to do your own sourcing from China today. Sofeast's CEO Renaud Anjoran has talked you through every stage of the sourcing process, from finding suitable suppliers, negotiating, getting your products manufactured, and building lasting relationships with them. The final topic focuses on improving existing supplier performance, in particular: How to keep their costs under control. If their costs are lower, your costs are lower... By the way, this is part 9 of 9 of this mini-series, and if you want to go back and ...

In this episode...

We wrap up our mini-series of episodes on how to do your own sourcing from China today.

Sofeast's CEO Renaud Anjoran has talked you through every stage of the sourcing process, from finding suitable suppliers, negotiating, getting your products manufactured, and building lasting relationships with them. The final topic focuses on improving existing supplier performance, in particular: How to keep their costs under control.

If their costs are lower, your costs are lower...

By the way, this is part 9 of 9 of this mini-series, and if you want to go back and listen to every earlier part of this series check out the links below.

Show Sections

00:00 - Greetings

00:58 - Brief recap of last week's episode about the EU Ecodesign regulation

You can listen to both parts on this topic here (Part 1) and here (Part 2).

04:31 - Why should we be concerned about our suppliers' costs?

07:45 - Who may be able to influence their supplier to undertake work to take control of costs.

10:28 - Using sourcing as a tool to control costs.

How factory owners or key customers can get their/their supplier's costs under control?

12:48 - 1. You find out what is driving their costs by visiting.

15:47 - 2. Stop buying in large quantities and making large batches.

21:39 - How to make suggestions to the supplier that they will listen to.

26:34 - 3. Tackle manufacturing aspects that are hidden costs.