Sourcing new suppliers and finding the right manufacturers is an important stage in the product lifecycle. Many suppliers may fit your price range and cost estimates but may not be able to meet your turnaround times or quality controls. Some suppliers may be the opposite, offering a great product and service while not being within your budget.
Resources for finding manufacturing partners can provide some good tips to avoid any potential hiccups in the product development process. From tips for creating Request for Quotes (RFQs), to which platforms and services to use, understanding sourcing procedures is an important part of product development.
From finding the right procurement agent to understanding how to read a production quote, understanding the sourcing progress is essential to any business.
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In today’s global market, more businesses are looking to source their products from international suppliers.
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Sourcing your products from an international manufacturer or a local supplier? Find out the advantages of both to help make your decision more easily.