Prepare Your Request for Quote (RFQ) You have now assessed your needs, you have defined your priorities, and you have explored location of production benefits and limitations.  At this point it is time to prepare your request for quote.  To start, gather all of the information that you will include in your RFQ and that […]

Now that you have defined clearly your needs and priorities, it is time to figure out where the optimal location of production will be for your product.  Typically, products associated with high labor costs and/or that are purchased in large quantities make the best products to source from China or any other low wage country. […]

[custom_frame_right shadow=”on”][/custom_frame_right] When people are asked to define their priorities as it relates to their sourcing initiative, we usually hear – “We want the best possible quality for the best possible price and we need it delivered yesterday.”  This is not a prioritization, but a wish list.  Unfortunately, when everything is a priority, nothing is […]

Thanks to the sickly global economy and the resulting corporate deleveraging and pressures to reduce costs, many companies have increasingly turned to locating new sourcing opportunities overseas.   The decision to either outsource production or seek new suppliers is a strategic one.  But very often it is not given the strategic importance that it requires.  Before […]