3. What is Supplier Sourcing
Supplier sourcing is the process of finding,
evaluating, and selecting suppliers that provide
goods or services to a company. Supplier
sourcing aims to find suppliers that offer the
best value in terms of quality, price, and
delivery. This process involves identifying and
evaluating potential suppliers, selecting and
engaging with a suitable supplier, and
establishing a long-term relationship with them.
4. Here are my steps on how to find the best supplier of my product:
First, Create an Alibaba account to access the global market the
find potential suppliers for your winning product. And Also creating
RFQ or Request for Quotation - A quotations and inquiries on the
supplier transactions.
5.
6. Through Alibaba, you must check the supplier if they are
• Verified Supplier
• Trade assurance
• Business type
->Trading Company
->Manufacturing Company
• Company address
• At least a 3-year contract with Alibaba.
• Company profile.
7. • EXW or Ex-work
• FOB or Free On-Board
• DDP or Delivered Duty Paid - that shipping fee to Amazon warehouse is included
• The Product lead time per MOQ
Additional Cost:
• Product label/Logo
• Packaging Cost
• Barcode printing
• Mold Fee
• Sample Price with and without Shipping Fee
• Also, be specific about the product packaging, dimensions, weight, and others that you want to
include.
8. • Sales manager
• Year established
• The main product
• Transaction count
• Transaction amount
• On-time Delivery
rate
