7 Expert Tips for Strategic Vendor Selection Criteria and Procurement
Are you worried about the selection criteria for vendors? Do you need guidance to develop a list of prospective vendors? The organizations become more comfortable in relying on third-party vendors as strategic selection is becoming increasingly crucial for the supply chain. Procuring right vendors ensures healthy cyber hygiene and potential to combat new cyber […]
MINIMUM ORDER QUANTITY (MOQ) MEANING: A COMPREHENSIVE GUIDE
Wonder why MOQ is crucial for the supply chain? Do you want some effective strategies for your business to negotiate lower MOQ with suppliers? Here is the comprehensive guide to cater all your queries regarding MOQ and its requirements to maintain product quality and consistency. Minimum Order Quantity Definition In the world of product sourcing, […]
HOW CAN QUANTITY DISCOUNT ANALYSIS SAVE YOU MONEY THROUGH VOLUME PRICING?
Wondering a secret formula to unlock massive discounts with every large order? Thinking of buying bulk so that you can save a few bucks out of it? Quantity discount is an essential concept when making high volume purchases from Chinese products. This guide provides a comprehensive approach to the quantity discount, why suppliers should opt […]
How To Create The Perfect Product Requirements Document
Facing challenges in meeting your customers’ requirements and delivering ideal products that suit their needs? An Effective Product Requirements Documents (PRD) is important for any product development prospect. A PRD makes sure all stakeholders agree and that the product fulfills customers’ needs. This blog post will help you explore what a PRD is, the benefits […]
CHINA SOURCING AGENT FEES: HOW MUCH DO SOURCING AGENTS CHARGE?
Do you want to bridge the gap between international buyers and Chinese manufacturers? In the light of the recent global survey conducted by Nova, more than sixty percent of the small and medium scale enterprises use china sourcing agents for trade. As an owner of a small web store or being an owner of a […]
WHAT TO SELL ON AMAZON: 9 TIPS TO FIND PROFITABLE PRODUCTS
Are you launching a new business on Amazon or looking to transform your existing venture into a profit powerhouse? Amazon is the world’s largest online marketplace, and millions of buyers benefit from its vast offerings. Before even thinking about finding products to sell on Amazon ,a seller must evaluate the categories most in demand by […]
HOW TO FIND A TRUSTWORTHY SOURCING AGENT
Worried about the sourcing process of your newly launched product? Thousands of sourcing agents are one click away! These agents can tackle all challenges you want to drop off your shoulders. Sourcing agents are similar to travel guides; they act as navigators to advise the correct path. A survey revealed that the global market for […]
Why Does Your Business Need a Sourcing Company? A Comprehensive Guide to Their Role and Benefits
Looking for suppliers to seal deals with the best prices and optimal quality for your business? Entrusting this task to a sourcing company can save valuable time, shifting the burden onto their shoulders. As the e-commerce market continues to flourish, the quest for the right product to capture the desired market is the need of […]
8 MOST COMMON SUPPLIER PROBLEMS (AND HOW TO FIX THEM)
Procurement systems are increasingly in demand today due to their value proposition. Many business headaches are being handled by sourcing companies; hiring these companies is now a critical strategy for numerous organizations. Here at BrandNewMD, we deal with organization of all types and sizes Below are the most common supplier problems and their possible solutions […]
6 Reasons Why a Sourcing Strategy Is So Important in Your Supply Chain?
Are you fed up with increased costs and frequent delays due to inefficient supply chain systems? Effective sourcing strategies are essential for a successful supply chain. This involves identifying and partnering with the best supplier to ensure efficient quality, cost-effectiveness, and reliability. By adopting strategic sourcing, companies can enhance supplier performance, reduce risks, and foster […]