SOURCING SERVICE
We specialize in identifying new brands or product lines to help you expand your business. Whether you are seeking established brands or OEM solutions, we provide comprehensive assistance in finding the ideal partner to meet your needs.
Step 1:
Evaluate Your Business’s Needs and Requirements
Understand your budget and current expenses.
Assess your business needs to identify the most suitable vendors or suppliers.
Step 2:
Find Potential Vendors
Identify suppliers that meet your business’s needs.
Evaluate their reputation, track record, and any potential risks or opportunities that could arise from partnering with them.
Step 3:
Develop an Effective Sourcing Strategy
Think about the type of relationship you want with the supplier. Would direct purchases or a long-term contract be more beneficial for your business?
Step 4:
Go-to-Market with Your Plan
After finalizing your list of suppliers, initiate contact with them. Additionally, communicate with existing suppliers if contract termination is necessary.
Step 5:
Drafting Contracts
Proceed with the intricacies of negotiations and finalize the agreements by signing the contracts.
Step 6:
Welcoming Your New Suppliers
Onboard your new vendors and implement the new process before passing it on to the Purchasing team
