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Wednesday, 04 November 2009 09:11 |
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By Mike Bellamy
Among the biggest risks of outsourcing is ensuring that your supplier delivers according to your requirements. Overseas trading companies can disappear overnight or, after signing a contract with one factory, your goods may end up being produced at an unknown subcontractor. Fortunately, supplier audits can help to mitigate many of these problems. This week, Smart China Sourcing spoke with Mike Bellamy from PassageMaker on the benefits of supplier audits in reducing risk in your global supply chain.
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Friday, 29 May 2009 15:54 |
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By David Dayton in "Silk Road International"
It goes without saying that not all factories are created equal. Not all factories with international experience are equal either. Certainly there is a level that you'd prefer to work with if price was constant. But this isn't a perfect world so we need to talk about with whom you actually choose to work.
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Monday, 18 May 2009 12:02 |
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By Kevin in 'The China Sourcing Blog'
The time that a buyer spends at a plant is crucially important. The main goal of taking a plant tour is to observe and judge the plant.
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Monday, 20 April 2009 23:25 |
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By Leanne in 'The China Sourcing Blog'
All international purchasing managers try to minimize import risk. As a China sourcing expert, in order to achieve this goal we will always recommend you to undertake plant visits to China before you place an order, for the following reasons:
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Wednesday, 15 April 2009 19:00 |
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By Dan Harris in China Law Blog
The Financial Times just did a story, entitled 'Fears rise on China groups' payments' on how private Chinese companies are being negatively impacted by the credit crunch (h/t to 'China Economics Blog').
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Wednesday, 15 April 2009 02:16 |
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By Leanne in The China Sourcing Blog
Before coming over
Now that we have established that plant tours are an absolute necessity, we can move on to how these tours should be undertaken.
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Wednesday, 05 November 2008 09:24 |
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Factory Visits in China are Very Important Would you send a substantial amount of your hard earned money to someone you have not met before with only a hope that everything will be fine later? Of course not!
So why are you doing this with your newly hired factories in China?
To make a fine point, visiting your Chinese factories on a regular basis is a must for all importers if you want to minimize your risks. From my first hand experiences, I know Wal*Mart's policy is for vendors to visit every one of their factories in 3 months intervals. Wal*Mart is a cost conscious company that would not require these visits if they didn't believe them necessary.
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Wednesday, 30 April 2008 19:00 |
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We interview US-based entrepreneur Charles Kirmuss, who has been importing electronic products from Asia since 1991.
Q: For someone who is talking directly to China manufacturers for the first time, what differences should they expect compared to talking to domestic suppliers?
A: Oh boy, a lot of things. It's incredible. You have the good and bad situations that arise. When you come to a trade show you can obviously meet a lot of new contacts on the show floor, where you really don't know who is Mr. Who.
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Tuesday, 27 November 2007 16:09 |
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Adam Linden of Canada's Ultimate Footwear Corp reveals sourcing strategies and lessons learned during a 16-year span importing China-made footwear. Among his many helpful tips, he cautions importers to brush up on their currency exchange skills, makes the case for using letters of credit where larger orders are involved, and reviews the improvements he has seen in importing from China.
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Tuesday, 16 October 2007 02:14 |
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There are quite a number of good China suppliers offering new and innovative products or offering their manufacturing services. You'll increase the odds of finding good suppliers by sourcing through reputable channels like trade shows or web sites that physically visit and verify that suppliers are real (like Global Sources verified suppliers). Nevertheless, it is good practice to conduct some due diligence on the supplier, and overseas buyers are sometimes surprised to learn of the many tools available to do this.
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Tuesday, 16 October 2007 02:07 |
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Sometimes sourcing middlemen don't make it clear that's what they are, and may even try to pass themselves off as factories though they have no manufacturing facilities. In these cases, the buyer is likely paying higher prices, giving up control, and possibly taking on greater risk -- and getting no added value in return. China-based Mike Bellamy runs down the steps buyers can take to avoid this.
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Tuesday, 16 October 2007 02:03 |
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China Law Blog's Dan Harris questions whether local government officials can meet expectations in identifying suitable partners in their jurisdictions.
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Tuesday, 16 October 2007 02:02 |
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Experienced buyers at the Global Sources China Sourcing Fairs share their biggest challenge and best advice for newcomers.
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Saturday, 14 July 2007 17:08 |
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By Diana in 'The China Sourcing Blog'
I recently accompanied clients to visit a few Chinese mining machinery suppliers. Conversing with these suppliers face to face helped me form a picture of the current work status of these companies, and afforded me a glance at the Chinese mining machinery industry generally
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