The 1-2-3 of Sourcing in China and how to purchase in Yiwu

Sourcing in China (exclude Yiwu City) 1. Pick product to source 2. Define supplier and product criteria 3. Search for suppliers 4. Research supplier qualifications 5. Evaluate samples 6. Audit factories 7. Test order 8. Choose supplier 9. Establish reliable quality control 10. Establish communications 11. Establish supply chains 12. Monitor patent protection 13. Enforce long-term cost reductions 14. Repeat as needed Purchasing in Yiwu Purchasing in Yiwu is different from in other cities in China. In yiwu market : 1. Small quantity is accepted, you can mix lots of items (from different suppliers) in one container. 2. Almost all the suppliers in the market can’t speak English. 3. The suppliers have not the license of IMP AND EXP. and did not know the operation of exporting. 4. The price is FOB Yiwu, the suppliers only with responsibility for deliverying the goods to Yiwu warehouse. Therefore, when you will source/ purchase in Yiwu market, it is most important to find a good agent at first. It must be reliable, experienced, with complete, excellent and efficient service. The first time, you must go to the market, be familiar with the item, style and their price. The agent will send employee accompany you on the market. Good agent know which supplier is better, know the advantage of different suppliers. and some agent have relevant factory which they have invested, they know which suppliers’ quality is good and the style is popular in which country. Usually, Because of most items from many suppliers, but loading in one container, so the agent have much work to do: (1) Order in the market or factory together. (2) Booking the space of cargo (booking container ). (3) Asked the supplier delivery the goods to agent’s warehouse and the agent will check the items,check the quantity and the quality. (4) Declaration to the Customs (5) Loading the container. (6) Making the document. (7) Release the B/L to the clients. After finished order (for a 40′ HQ container, order need maybe 2-3 days), clients go back their country. all the things leave to the agent. Usually, the clients come to yiwu market per 3 months, for looking for the new style. After finishing the first time successfully,the next order can be made by E-mail and fax.