1 / 2

product sourcing

product sourcing

Gulfam1
Download Presentation

product sourcing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Product Sourcing – The Ultimate Guide For Professionals in 2022 For every procurement manager, product sourcing should already be considered general knowledge. Product sourcing is, simply put, the process of finding and buying products to sell. For the seasoned procurement manager, product sourcing also means looking for reputable suppliers to buy quality products at a quality price. While the definition sounds simple enough, the actual process isn’t. The absolute truth though is that product sourcing is often a complicated process that demands analysis, research, and months of calculations. The end goal for every sourcing process has always been finding good products from good sources at a good price; that itself requires a lot of value to consider. If you want to learn more about the ideal Sourcing & Procurement process, make sure you also check this article! Product Sourcing Company 101 – Where to Find Wholesale Supplies? For a procurement manager, the key to establishing a good product sourcing strategy is through finding a good source for wholesale supplies. Again, it sounds pretty simple but in truth, however, it’s like finding a needle in a haystack.

  2. But you’d probably tell us that there are a lot of sources for wholesale supplies. The moment you search for them online, you’d be bombarded by advertisements and email brochures from organizations that offer wholesale supplies. The quantity isn’t the problem here; it’s the quality that one needs to watch out for. There are enough stories of product sourcing companies getting duped by wholesale suppliers who are simply just out to earn money. These companies do not care how they’d get their products as long as they manage to earn a dime. These are companies that you need to watch out for. Fortunately, there are ways to go about product sourcing where company risk is leveled to a minimum. Most of our proven tips and tricks can be viewed, studied, and executed through our Negotiation Game Changer course but that is another topic for another time.

More Related