A Sourcing Company or a sourcing agent helps a company find sources for products and suppliers at a low cost and/or of a certain quality or attributes. Some may represent a few select factories or serve multiple companies.

The sourcing department focuses their effort on ways to speed up the process of looking through purchase activity and transaction history. They will analyze supplier list and performance and pay more attention to the risk potential of each supplier.

Sourcing is the process of vetting, selecting, and managing suppliers who can provide the inputs an organization needs for day-to-day running. Sourcing is tasked with carrying out research, creating and executing strategy, defining quality and quantity metrics, and choosing suppliers that meet these criteria.

Supply chain functions include product development, marketing, distribution, procurement and sourcing. Although people may use the terms interchangeably, procurement usually refers to the operational aspects of a company’s strategic sourcing of components and raw materials.

Strategic sourcing helps an organization build long-term relationships with its suppliers.

Sustained relationship with suppliers also implies that when the suppliers are valued and considered in various sourcing decisions; they feel motivated to optimize their performance to meet the organizations objectives.

There are 13 keys:
1) Check Certifications
2) Evaluate The Geo-Political Climate
3) Finding Reputable Suppliers On The Thomas Network
4) Gauge Financial Stability
5) Assess Weather-Related Risk
6) Align Maunfacturing and Shipping Locations To Your Needs
7) Carefully Review Product Information
8) Ask For Accessible Inventory In formation
9) Know Their Scalability
10) Check Their Commitment To customer Service
11) Get Lead Time and Delivery Statistics
12) Read Into The Payment Terms
13) Contact References

Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.

Strategic sourcing processes aim for continuous improvement and re-evaluation of the purchasing activities of an organization.

Hallosourcing service list:

1. Sourcing: Factory Audit, Product Prototyping, Follow-up on Production, Packaging Design Quality Sampling, Shipment Order Tracking, After-Sale Service

2. Product Engineering: Customer’s Creative Drawing, 3D Mechanical Design Prototyping, Details Confirmation Pilot Run, Product Process Control Sourcing the Best Partners, Price Optimization

3. Value-added Services

A sourcing or procurement agent is someone who can reach out to a supplier or manufacturer to source the product you need. Sourcing agents are a shortcut to finding your ideal supplier. They cut out all the leg-work that you would have to do and negate a lot of the risk involved in trying a new factory.

Sourcing in China is the best decision if the organization wants to reduce costs when it comes to acquiring materials. China offers low-cost materials which are why it is very popular in the trade industry. However, language barriers and some business practices can be challenging for foreign buyers.

No, our agreement can be terminated by either party with a 30 day notification.

Should you need it, we do provide supplier information at cost depending on your product complexity, ranging between $100-$600. The deadline is before you place the production order.

Why would we provide the supplier’s information to you?

Being your trusted business partner is the primary goal of our company.

We are always transparent with our service, price, and processes. Why we charge you? The reason we charge you for supplier’s information is because of our labor cost and effort to collect all different suppliers’ information and provide you the best options.

Why we cannot provide the supplier’s info after you placed the order?

We spent a lot of time and effort to build the supplier chain for you at that time point. A lot of hard work has been done and we hope this could be recognized.

We have sourcing experience for all sorts of products, especially in the areas of homeware, jewelry, electronic products and product engineering etc. We have professional purchasing managers who can find competitive products for most customers.

Hallosourcing will not accept kickbacks from the factory, because the final price will be reflected in the quotation we give our customers, whether our quotation is competitive, whether our service is to reduce a lot of unnecessary trouble for customers, this is our core competitiveness as a sourcing company, we just want to put profits in our professional areas rather than this kind of grey area.

We work with factories closely. We tracked the entire manufacturing process. Our staff will supervise the factory’s process to make sure each step went well so that the products and on-time delivery are dependable.

In addition, because we have so many years of experience in sourcing, we know many factories well already. Absolutely, we have familiarized ourselves with all these certifications since we start our business.

Definitely we can give you some customers’ contact information for your reference. &t=6s”

We have our own team to do the inspection.

We totally understand your concern, unfortunately, it’s hard to guarantee that there are no defective products. There are couple of reasons.

First of all, all factories/suppliers cannot guarantee 100% of the products are good during manufacture.

Second, there is a chance that some products can be damaged during the shipment. Since the manufacturers/suppliers typically don’t take any responsibility once the products are shipped out, Then how to ensure the customer’s after-sales problems?

First, we do our best to minimize the chance of having a significant amount of defective products shipped out. We do pre-shipment inspection carefully to check the quality and if anything is found, we will try to communicate with the manufacturer/supplier before goods shipped out；

second, If the final goods arrive at the customer and there is a quality problem, then we need to solve the customer’s problem in accordance with the after-sales terms of international norms.

Hallosourcing provides more professional and higher standard sourcing services than other sourcing agents.

We act as a 100% trusted agent fully investing our time and efforts to ensure you access reliable suppliers so that you can get the correct products at a reasonable price.

In addition, what makes us different compared to other sourcing agents is our transparency.

We offer the best service to help our customers to handle various kinds of tasks in their business, such as market research, quality control, pre-shipment inspection, customs clearance, and supplier network development.

Overall, the most important thing is with our help, you can save time, minimize costs, get high quality product and maximize profits.

Your investment of hiring us as your agent actually reduces your overall expense in long term.

To judge a qualified sourcing agent depends on its professional process and service consciousness.