Product Sourcing – Find the right supplier for your product!
WHAT WE OFFER:
To have progressive growth, arguably, you need a great product. However, for a great product, you need a stable and reliable supplier. There’s no doubt that making a mistake at this point can be devastating for your business and reputation.
With BizzBee Solutions Product Sourcing, you give us information about the product you want to source. And we will provide you with information of the right manufacturer. In the process, we will establish communication with many manufacturers, compare them based on several criteria and facilitate the selection process. You will significantly reduce the complexity and communication overheads from the process as a result.
Recommended: 5 Tips That Will Improve Your Product Sourcing Process
BizzBee Solutions Product Sourcing usually takes 6 steps:
STEP 1: Kick-off meeting
The kick-off meeting is to get as much information as possible about the product you want to source. Which technical specification(s) do you need? Do you want a branded, OEM or ODM product? How about your expected annual volume? These questions and more will be discussed at this meeting. In conclusion, this will give us a good understanding of what are you looking for.
STEP 2: Understand the industry
Our first step is to understand the industry. Above all, this step is informative and educational. The focus of this step is finding your product on Amazon, eBay, Google, etc., seeing which companies are major players and reading customer reviews to know about customer satisfaction. Additionally, we are looking for fairs, expos, exhibitions and other public events relevant to your product.
Recommended: How To Source Products For Your SME (Part 1: Understanding The Industry)
To conclude, the outcome here is understanding the market, see what the current competition is offering, what informal standards are in place and what the customer wants from the product (via customer reviews).
STEP 3: Look for credible manufacturers
After that research, from here on, we put our focus on finding manufacturers. Based on our kick-off meeting, we narrow down the search and start looking for manufacturers. We do this through Alibaba, TradeIndia, GlobalSources, Made-in-China and many other platforms where we have accounts. In most of the cases, we find the leads with a direct approach to the platforms, and also, on some platforms, we create requests where manufacturers can apply.
The outcome of this step is to have an Excel sheet of potential manufacturers and their information (website, contact info, the product we are interested in etc.) and in addition, a list of data that we are missing.
STEP 4: Communicate with shortlisted companies and ask for additional info
Step 4 and 5 happen at the same time. Step 4 is to obtain some more information from the manufacturers. Whether it is CE certificated, other industry-specific certificated, the OEM/ODM capabilities, and other logistics information and quotes.
Once we have all the manufacturer data that we need supported with a quote for the sourced product, we will send you the information for you to review.
STEP 5: Organizing the delivery of samples
From the shortlisted companies, you can choose from which of them you want a sample and we will organize the delivery accordingly. We organize the whole process, from providing your address to paying for the shipping costs.
STEP 6: Transfer the communication from the selected manufacturer
Once you have received the samples and you choose the right supplier, we will transfer the entire communication with that client to you. Accordingly, we will send an introductory email connecting you, so you can start making orders and continue with the supplier.