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In our world of Purchase Order Funding, we have encountered numerous SMMEs who rush their supplier-sourcing process, often resulting in missed opportunities to secure top-quality goods at reasonable prices, or worse, falling victim to scams. We've wondered whether this is a widespread issue among SMMEs, not just limited to our clients. We've compiled a set of tips on how to source suppliers effectively, and we would greatly appreciate your contributions, sharing any additional insights that can genuinely benefit fellow SMMEs. 🌟 #SMMEs #SupplierSourcing #PurchaseOrderFunding
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The very best piece of negotiations advice I ever received was to know the capabilities of your supplier, their industry, their competitors, their cost drivers, their margins and their capabilities better than they do!
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The very best piece of negotiations advice I ever received was to know the capabilities of your supplier, their industry, their competitors, their cost drivers, their margins and their capabilities better than they do!
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What does EXW or Ex-factory quotation means and does it benefit supplier or buyer? Who bears the risk? Liz from EJET Sourcing provides all the answers in this video. #EXW #chinamanufacturer #chinasourcing #chinasupplier #chinatrade #importexport #ejetsourcing
EXW Mean
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Requesting KFIs as part of your product sourcing process is a best practice. Do you know why? These are the TOP reasons why your should request one or multiple KFIs after you've run a product search.
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Being on an "Approved Manufacturers List" (AML) signifies that a manufacturer meets specific standards for quality, reliability, and compliance, which are set by regulatory bodies or certain clients. The primary benefit of being on such a list is efficient supply chain integration, where approved manufacturers are seen as reliable partners. This trust facilitates smoother integration into supply networks, ensuring that components and materials meet or exceed quality expectations and enhance collaboration and efficiency throughout the supply chain. https://bit.ly/3WCDzF0 Durlon Sealing Solutions #ManufacturingExcellence #SupplyChain #QualityAssurance #IndustryStandards
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Valuing and respecting your suppliers can unlock supplier excellence, yielding significant benefits: Enhanced Service: Happy suppliers are more motivated to provide exceptional service, ensuring seamless operations. Higher-Quality Products: When suppliers feel valued, they take pride in their work, resulting in higher-quality products that meet or exceed expectations. Cost Savings: Building strong, respectful relationships often leads to more competitive pricing, saving money in the long run. Remember, appreciation and respect in supplier relationships create win-win partnerships that fuel business excellence. 🌟🤝 www.icymaysolutions.com #SupplierValue #RespectMatters #BusinessExcellence
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Did you know that suppliers who feel valued and respected are more likely to go the extra mile? 💪🛍️ According to CIPS.org, it's crystal clear: when we treat our suppliers with the respect they deserve, the benefits are immense! 🙌 🌟 Better Service: Happy suppliers are motivated suppliers! They're more inclined to provide top-notch service, ensuring our operations run smoothly. 🌟 Higher-Quality Products: Valued suppliers take pride in their work, leading to the delivery of higher-quality products that meet or exceed our expectations. 🌟 Favorable Pricing: When we build strong, respectful relationships with our suppliers, they're often willing to offer us more competitive pricing, saving us money in the long run. So, let's remember the importance of appreciation and respect in our supplier relationships. Together, we can create a win-win partnership that fuels excellence! 💼🤝 Got questions or need some advice? Reach out to us at leeza.gordon@icymaysolutions.com 📩 📚 For more comprehensive insightful, here is the Go-To-Book:”Synergizing Success: The Art of Cultivating Profitable Supplier Relationships for Business Triumph” https://lnkd.in/gneW4cuK 📚 #SupplierValue #RespectMatters #BusinessExcellence https://lnkd.in/gYtmvecg
Valuing and respecting your suppliers can unlock supplier excellence, yielding significant benefits: Enhanced Service: Happy suppliers are more motivated to provide exceptional service, ensuring seamless operations. Higher-Quality Products: When suppliers feel valued, they take pride in their work, resulting in higher-quality products that meet or exceed expectations. Cost Savings: Building strong, respectful relationships often leads to more competitive pricing, saving money in the long run. Remember, appreciation and respect in supplier relationships create win-win partnerships that fuel business excellence. 🌟🤝 www.icymaysolutions.com #SupplierValue #RespectMatters #BusinessExcellence
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Seamless global sourcing made easy with AQS – your trusted partner in international trade. 🌐 1️⃣ Break the Communication Barrier! AQS bridges the gap, ensuring clear communication with suppliers through our multilingual team, making interactions smooth and efficient. 2️⃣ Save Time, Energy, and Costs! ⏰💰 Let AQS handle the intricate details of sourcing, so you can focus on what you do best. Reclaim time, conserve energy, and cut unnecessary costs. 3️⃣ Quality Assurance, Every Time! 🌟 With AQS, you're guaranteed the quality you paid for. Our rigorous measures and industry expertise ensure excellence without compromise. 4️⃣ Scam-Proof Your Sourcing! 🚫🕵️♂️ Protect your business from scams. AQS meticulously vets suppliers, reducing the risk and providing peace of mind. Your investments are safe with us. Elevate your sourcing game with AQS – where reliability meets results. 🤝 📧Mail Us:- info@asianqualityservices.com 📞Call: +91 94285 08698 🌐Web: https://lnkd.in/ed-vBYKV #aqsindia #productinspection #qualitycontrol #manufacturingprocess #supplierquality #productionprocess #technicalparameters #goodsinspection #vendorassessment #supplychainmanagement #qualityassurance #productquality #manufacturingquality #goodsquality #qualitymanagement #productdevelopment #sourcing #importing #exporting
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𝐖𝐨𝐫𝐝 𝐎𝐟 𝐓𝐡𝐞 𝐃𝐚𝐲 📅: 𝐄-𝐬𝐨𝐮𝐫𝐜𝐢𝐧𝐠 Process of obtaining bids from different suppliers via a single online portal. #Esourcing #CommercialTerms #Supplier #Bids #WordOfTheDay #NKGlossary
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