If you have the bandwidth and the experience, partnering directly with a factory lets you avoid paying intermediaries or agents. It gives you complete control and responsibility over the process. A third party will find your factory, manage everything, and run almost every aspect of procurement. They offer one-time fees and transparency. However, they require […]
One of the primary roles of sourcing agents is to research and diligence potential suppliers for businesses. They identify partners who are able to meet the business requirements and quality standards within cost and time parameters. Sourcing agents evaluate suppliers’ production abilities, and reputation helps businesses make informed choices about their partners. Included in the
1. Saves you time Sourcing agents do all the legwork for you! The fact that a sourcing agent is your local representation means that you don’t have to travel to that country to look for suppliers and manufacturers. You also don’t have to attend trade shows and trade fairs to interview different suppliers or manufacturers.
A sourcing company overall acts as a specialised intermediary between their client and third-party suppliers. They provide expertise, market knowledge, and operational support to ensure efficient and cost-effective procurement. Sourcing companies will typically engage in the following activities: Finding and evaluating right suppliers: Sourcing companies research and identify potential suppliers based on their client’s requirements,
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