PRODUCT SUPPLIER'S SOURCING

1. PRODUCT SUPPLIER’S
PRODUCT SUPPLIER’S
SOURCING
SOURCING
Presented by: Carolina B. Monterde
Batch 36 - Team Goal Catchers

3. Product sourcing is the process of a business finding and acquiring
marketable inventory from reputable suppliers to sell to customers at
good prices. Simply put, product sourcing is finding the products you
want to sell in your store, buying them from a supplier, and then
reselling them. Typical sources include manufacturers, wholesalers, and
artisans, as well as other creators and businesses that make products.
WHAT IS PRODUCT
WHAT IS PRODUCT
SOURCING?
SOURCING?

5. How do we
How do we
find product
find product
supplier’s
supplier’s
sourcing?
sourcing?
1.Know our product being
1.Know our product being
source
source
2.Search for potential
2.Search for potential
supplier
supplier
3.Contact the potential
3.Contact the potential
supplier
supplier
4.Ask for samples
4.Ask for samples
5.Evaluate the suppliers
5.Evaluate the suppliers
6.Analyze and calculate data
6.Analyze and calculate data
7.Choose the primary supplier
7.Choose the primary supplier

6. Know our
Know our
product
product
being source
being source
1
1.
.
· Quality
· Color
· Weight
· Size
· Custom Logo
· Dimension
· Design

7. 2. Search the
2. Search the
potential suppliers
potential suppliers
1.
1. Supplier websites
Supplier websites 2. Online supplier platforms
2. Online supplier platforms

8. Alibaba
Alibaba
Alibaba connects you with manufacturers from China. It’s a popular marketplace
to find existing products, but you can also use Alibaba to connect with
manufacturers to create custom products. Search for the products you’re
looking for and browse through the various suppliers and manufacturers.
It’s easy to safely buy from Alibaba. The marketplace lets you vet manufacturers
upfront to get the best products at a fair price. When researching manufacturers on
Alibaba, make sure they have the following qualifications:
Gold supplier, which means they pay for their Alibaba membership.
Verified, which means a third-party evaluation services company or Alibaba has
visited their manufacturing facility.
Trade assurance, a free service that protects your orders from payment to
delivery.

9. Contact any potential
Contact any potential
suppliers
suppliers
Introduction.
Introduce yourself
and the company you
are representing for
1. 2. Inquire.
A. A.Supplier’s
details like:
·
Supplier/Company’s
Name
· Factory Address
· Verified
· Trade Assurance
· Business Type
· Year Established
· Main Product
B. A.Quotation of the
Product like:
MOQ
Cost of the SAMPLE
OF THE PRODUCT:
PRICE OF THE
PRODUCT: EXW, FOB,
DDP
PRODUCTION LEAD
TIME:
PACKAGING COST:
BARCODE PRINTING:
3. Express Appreciation.

10. 4. Ask for samples
As a buyer, you’re not going to put a product in your store
without sampling it. When contacting suppliers, part of the ask
should be for samples so you can get feedback from team
members, view the product up close and personal, and see
how the supplier handles this first transaction before you
make the decision on whether to include it in your product
mix. Asking for samples is an important part of your sourcing
strategy and a good way to test the quality of the products.

11. Supplier’s
Detail
SUPPLIER 1 SUPPLIER 2
Verified
Trade
Assurance
Rating
SUPPLIER 3 SUPPLIER 4 SUPLLIER 5
5. Evaluation /Data Analysis

12. What are the
supplier
selection
criteria?
· Quality and
safety of
products
· Flexibility
· Delivery
· Reliability
· Cost
· Quality of
service

13. PACKAGING COST:
Do you have the ability to package our products with our logo and UPC
Barcode printed on it? ___________
How much does it cost us if we let your company to
produce the brown box, colored box and or the OP Plastic? _________
Is it included in the product price? ______________

14. BARCODE PRINTING:
If ever, we will let your company to print the barcode, is it free of charge or
how much do we pay for it? _________________
If we will send the barcode stickers and let you do the inserting, is it free of
charge or how much we will pay for it? _______________

15. Asking for Sample
Asking for Sample
Asking for sample is an important
part of your sourcing strategy and a
good way to test the quality
of the product

16. Sorting out the results of
Sorting out the results of
your initial investigation
your initial investigation
Do they currently producing your exact product at their factory.
Do they ever outsource any part of the production?
What equipment and machinery do they use?
How long have they been in business making your specific product?
Who else do they sell to?
What materials do they use?
Where does their product sit in the market (high end, mid end, low end)?

17. You may have 10 quotations – but must narrow
this down to 1, 2 or 3, 4 or 5 shortlisted suppliers.
Things to consider:
Pricing
Lead times
Experience
Materials used
and answers to all questions

18. At this point,
At this point,
you will
you will
have enough
have enough
information to
information to
make an
make an
accurate choice
accurate choice
on the best supplier
on the best supplier
for your business
for your business

19. Thank you
Thank you
for listening!
for listening!
Contact me in my
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