Sourcing 101

As you are looking for Chinese products for your business, you may see the acronym OEM.  If you are curious about:

• The meaning of OEM;
• Why OEM matters for your company;
• OEM product examples;
• And a few more things along the way;

You have come to the right place!  We have the information you need to understand what OEM stands for.  Get comfortable, and get set.  We are going to jump right into it!

Continue reading “OEM (Original Equipment Manufacturer) – A Comprehensive Review”

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If you need to:

• Learn MOQ meaning
• Learn why MOQ matters in the supply chain
• Learn how to calculate MOQ formula
• Learn about MOQ on Alibaba and 1688
• Learn different examples of MOQ (low, high, none)
• Learn how to negotiate a lower MOQ
• Learn how to meet MOQ
• Learn what to do if you cannot meet MOQ

Then this all new, comprehensive guide from Sourcing Nova has everything you need.

Grab a cold beverage, get comfortable and let’s get started!

Continue reading “Minimum Order Quantity (MOQ) Meaning: A Comprehensive Guide”

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You have found a strong profitable nice product and some top suppliers of your Chinese product.  Now you need to send a Request for Quotation, the RFQ, to that supplier.

Great!  How do you send an RFQ to that top Chinese manufacturer?
Continue reading “Request for Quote (RFQ): How To Approach A Top Chinese Manufacturer?”

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Sourcing Nova is now into its second decade as a purchasing agent.  We started with products from the wholesale marketplace, then direct factories and now from carefully vetted manufacturers of top world-class OEM and ODM brands. Read our story.

 

Continue reading “5 Common Issues Working with Chinese Purchasing Agents”

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You are a small business owner.  This means you need to account for every cent that comes into and goes out of your business.

 

This makes you question if you really need to hire a sourcing agent to find your high-quality, Chinese products.  You also question if the cost of a sourcing agent is worth the expense.

 

Continue reading “Costs of Hiring a Sourcing Agent – The Value is Greater than You Know”

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From product manufacturing to packaging and shipping, sourcing products from China incurs significant costs that vary widely depending on the size of the business, needs, and industry. Below is a breakdown of the fees you can expect to pay.

Continue reading “What will be the cost of sourcing from China in 2022?”

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The decisions facing today’s buyer when sourcing products from China are numerous.  Factories, trading companies, wholesalers, distributors, purchasing agents and the like.  This can be an overwhelming situation because of the sheer number of choices.  Is there any difference between each of these?  What is the most cost efficient option for you and your Chinese products?

Continue reading “Manufacturer vs Trading Company vs Purchasing Agent: 12 Differences You Must Know in 2022”

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Sourcing Nova has always had an idea to write about the best Chinese products to sell on Amazon.  Several tools, like Jungle Scout, can help new sellers with product analysis, but this particular article is different.  Our sources are much more reliable.

Continue reading “Best Products To Sell On Amazon – The Top 100 For 2022”

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Your business is not a single direction going from you to the customer.  If anything, you are in the center of a line between your supplier and your customer.  This means your relationship with the supplier needs to be as good as the relationship you have with your customer.  After all, the supplier has its own perception of you as their customer.

Continue reading “Supplier Perception: Are You As Good As You Believe?”

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Today’s global market is considerably different than it was even as early as a decade ago.  We are now in a new, unheralded period – the VUCA era.  The Volatility, Uncertainty, Complexity and Ambiguity period.  This means a global market looking for products that have changed direction from previous product design.  Now, the ideas of variety, smaller batches and deep customization are de rigeur.  This means a business owner has a much more detailed job ahead of them from meeting the needs of its customer base, maintaining competitive enterprise, market adaptation on the fly and the ever changing flexible supply chain of products coming in with regularity.  This is not a choice.  It is absolutely necessary if the business is going to survive and thrive.

Continue reading “Flexible Manufacturing Systems – A Comprehensive Overview”

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