Industry News

5 Essential Tips-- When you Purchase Racks & Shelve in China

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Author : Katherine
Update time : 2021-06-30 17:44:04
5 essential tip-- When you purchase in China

In the past year or so, many international exhibitions have been cancelled due to the impact of the epidemic. It is expected that at the end of this year or tomorrow, countries in various countries are expected to reopen. Many traders are looking forward to coming to China to find new suppliers and partners.
 
However, many entrepreneurs find themselves hitting a brick wall when it comes time to actually source products. Whether you plan on manufacturing something of your own or finding suppliers to purchase from wholesale, good products aren’t always easy to find.
In this post, I will share some basics of sourcing a supplier for your next project. We’ll give you ideas for some places to search, and examine how you should approach suppliers and what to ask them when developing a product for your business.

A manufacturer is any business that produces finished goods from raw materials. They sell these goods to consumers, wholesalers, distributors, retailers, and other manufacturers wanting to create more complex items. 


  1. How to souring potential supplier?
-Alibaba is the most popular sourcing way to find suppliers:
Alibaba connects you with manufacturers from China. It’s a common marketplace to find existing products, but you can also use Alibaba to connect with manufacturers to create custom products. Simply search for the products you’re looking for and browse through the various suppliers and manufacturers. 
It’s easy to find suppliers from Alibaba. The marketplace lets you vet manufacturers upfront to get the best products at a fair price. When researching manufacturers on Alibaba, make sure they have the following qualifications:
Gold supplier, which means they pay for their Alibaba membership.
Verified, which means a third-party company or Alibaba has visited their factory.
Trade assurance, a free service that protects your orders from payment to delivery. 




What if you search too many results then hard to choose? The next step is to find out which companies have official websites. View their official website or employees LinkedIn.(www.hedarack.com)
You can browse according to each website to see the potential strength of the company. Generally, it is recommended to browse the product page, company introduction, cases content; these three pages can show the strength and history of a company. 
Also LinkedIn can help you to get the latest news , products, case from them.
 



2.Now that you know where and who the suppliers are you can start being a little pickier. You need to determine what sources are worth exploring more in-depth and which ones will meet your needs. Look at each potential supplier individually and consider the following:
*  Do they have the ability to deliver what you need, when you need it?




*  Are they financially secure?
*  How long have they been in business?
*  Are their products get approval by any certificate organization?




*  Do they come recommended by someone you trust or do they at least have good reviews?
*  Try to get the list down to around five. The fewer options you have, the easier your decision-making becomes.

Fine-combing your shortlist

Now you can get on to the nitty-gritty:
*  Get a written quotation and, if relevant and possible, a sample of the product. When asking for this make sure to provide them with a brief summary of exactly what you need, how often it will be required (based on your estimates) and so forth.
*  After you have received the quotes compare the suppliers with each other. Pricing shouldn’t be your main consideration because a lower price could easily mean lesser quality and that just isn’t cost-efficient. Rather look at what is most important to you. Is it location, shipping options or something else?
*  Remember to look at whether the suppliers sub-contract. If they do, investigate the sub-contractors to see if you are also satisfied with them.
*  Take ethics into consideration as well. Who you are aligned with in business can make or break your reputation to those you sell to or want to sell to in the future. How are employees treated? What are working conditions like?

After all that has been done, you can move on to drawing up a contract with the supplier including the terms and conditions that will benefit both of you.

In general, you can refer to these 5 Points to review your purchase plan:
1. The most important thing to do before starting the process of finding a supplier is to find out exactly what your needs are. After all, if you don’t know your needs, you won’t know what requirements to look for.
2. Don’t focus too much on pricing. If you can get products for a cheap price but are constantly let down by the service then it isn’t worth it in the long run.
3. Do a credit check. If your supplier doesn’t have sufficient cash flow, there is a chance they might go out of business as soon as you need them the most.
4. Don’t buy from too many suppliers. Using fewer suppliers is more cost-effective and easier to manage. However, don’t put your eggs in one basket by getting everything from only one supplier. This way when things don’t work out with that one supplier you won’t be completely stranded.
5. Ask people who are currently dealing with the suppliers you’re looking at for their advice and experience with a particular supplier. They might be able to save you a lot of time.

Hope you would find your best suppliers for your long-term business. Heda is the oldest manufacture in racking & shelving industry in China with more than 20 years experience. Any retails/wholesales/building project would feel free to contact us , we will check for you unique proposal in our top service. (Whatsapp+86 198 7884 9568)


 
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