Understanding You and Your Business
It's not just about understanding your product. We strive to understand your brand identity, values, and goals to align your sourcing strategy with your unique business vision.
Vendor Qualification
Evaluate potential suppliers in our global network or scout out new candidates based on criteria like reliability, quality, and compatibility with your business ethos to find the perfect match. ReadyProducts has objective evaluation tools that have proven successful time after time when vetting suppliers.
RFQ: Request for Quotation
Work with selected vendors to gather pricing information and guide them so that they understand the full cost implications as a partner. It's not just about piece price. Overall value: price x quality x time is the tried and true formula when striving for the most profitable margins.
Custom Samples
Once we receive responses from the vendors, we request samples based on your specifications. Samples provide a preview into the capability of the supplier as well as their overall compatibility with your needs. These samples allow us to assess the real-time quality and functionality of products, ensuring the best fit. These samples also serve as the standard for future production.
Supplier Selection
Based on Samples, Price, and Overall Value:
Upon receiving and reviewing custom samples, we make decisions based on product quality, quoted price, and overall value offering. Our goal is to select a supplier that guarantees the best value for money, quality, and reliability.
Product Approval and Negotiations
Post-supplier selection, we work on approving the final product and negotiate terms and conditions. Here, our international negotiation skills come into play as we work to secure the most advantageous prices and terms.
The Purchase Order
The Details Matter! Once negotiations are concluded successfully, we move to the Purchase Order (PO) process. We ensure that every minute detail, from quantity, price, and delivery timelines to payment terms, is meticulously addressed in the PO.
Logistics
Choosing the Right Partner to Transport Your Products.
Next, we focus on logistics: selecting the right partner who can timely and securely transport your products. A critical part of the global sourcing process, this step ensures the safe delivery of your products to the right places at the right times.
Inventory Arrival
The final step is when your products arrive and are ready for inventory. Here, we ensure the received products match the approved samples and purchase order, thus closing the sourcing process successfully.
Want to Learn More?
Read our Blog Posts or Click "Schedule a Call" to review your Sourcing Strategy