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.
29:21 - 4. Find hidden office costs.
35:11 - How does India differ from China?
36:44 - Summarising keeping costs under control.
38:11 - Mini-series wrap-up.
Related content...
These resources will also help you understand how to build relationships with suppliers or improve (or end) those that you already have:
And, if all else fails and you need to ditch your current supplier and switch to a new one...
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:
Your Product Return Rate & How To Control It?
Should You Buy Parts for Mass Production from Taobao?
July ’22 Update on the Logistics situation in the USA (Feat. Marshall Taplits)
How To Comply With The EU Ecodesign Regulation? (Part 2. Feat. Clive Greenwood)
How to Reduce The Risk Of Unauthorized Subcontracting?
The One ’MUST DO’ Before Mass Producing Your New Product (Feat. Andrew Amirnovin)
An Effective QA Program For New Electronic Products
BONUS: Renaud Tours India, June ’22. Is it a good China-alternative?
Increasing Visibility Over Your Supply Chain
6 Tips to Improve your Supplier’s Quality - Sourcing from China (Part 8)
How To Develop New Apparel (Feat. Belinda Jacobs from Techpacks.co)
Is It Time For North American Importers To Leave China? (Feat. Andrew Hupert)
Clarifying fabric quality requirements + Coping with US Tariffs on China-made goods + Handling volatile prices.
Levels of Quality Standards (from Basic to Advanced)
What Happens If You Decide To Leave Your Chinese Supplier?
How to develop your Chinese suppliers? - Sourcing from China (Part 7)
How To Set Up A Receiving Quality Inspection?
100th episode special: YOUR manufacturing questions answered!
’Design for X’ Overview: 12 Optimizations for New Products (Feat. Andrew Amirnovin)
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
The Ramsey Show
Planet Money