Sourcing in dropshipping

Sourcing is a technique for determining the most reliable and effective sources in relation to a subject in order to put them under surveillance. The term is particularly used in the purchasing sector, in dropshipping or for classic operations. It is then a sresearch strategy suppliers or commercial sourcing to run the business.

 

Sourcing: an excellent way to start dropshipping

You are an e-merchant and you need to find quality products at the best price. In the online sales process, this decisive step is called sourcing or supplier sourcing. This approach responds to 3 main challenges: innovation, cost optimization and risk anticipation. This supplier sourcing process is essential for the success of your business. We often talk about premium sourcing, low cost sourcing, b2b sourcing, dropshipping agent sourcing, purchase sourcing, product sourcing, dropshipping sourcing… But what is sourcing exactly? Focus on this concept related to dropshipping.

 

What is sourcing?

You are probably wondering what sourcing is. Sourcing is a purchasing strategy whose objective is to find the right suppliers (producers, central purchasing bodies, importers, etc.) in order to obtain products at the best value for money as soon as possible. Also called supplier sourcing, the action consists of researching, locating and evaluating a supplier in order to meet the needs expressed by your customers. The objective is to reduce the general cost of the products purchased, to guarantee the quality control of the goods by comparing and evaluating potential service providers. Today, it is more about e-sourcing. Whether premium sourcing or low cost sourcing, supplier sourcing goes through dedicated online platforms such as marketplaces, which are tools that simplify commercial relations with suppliers. All operations are then carried out on an electronic catalog.

Sourcing is also used in the field of corporate recruitment. It is a process that consists of identifying specific profiles that meet selection criteria for a given position. We are talking about CV sourcing, active sourcing, HR sourcing and hack sourcing. Boolean sourcing in particular makes it possible to source the right candidates on the rprofessional social networks like Linkedin.

To overcome the lack of technological skills within their teams, some companies outsource their IT services and carry out IT sourcing (IT sourcing) by calling on an IT and sourcing facilitator. To facilitate the updating of online sales sites, event sourcing appears to be an effective alternative.

In a context of monitoring (competitive, strategic, technological, scientific, security, etc.) and market intelligence, the sourcing phase is crucial for a company. With regard to information intelligence sourcing, it makes it possible to identify legitimate and relevant sources (digital or human).

Similarly, procurement is subject to sourcing.

 

How to source effectively in dropshipping?

What is effective sourcing? You should know that thee-sourcing or supplier sourcing can take place at the national or international level. The only limits of sourcing are the quality control of goods, communication with suppliers and shipping times. However, it is possible to circumvent them through the supplier sourcing process. There are 3 ways to do this:

– meet directly with suppliers and manufacturers at fairs and exhibitions (Canton Fair);

– search for suppliers on central purchasing sourcing, sales platforms, b2b sourcing such as Alibaba or Aliexpress. It is a kind of digital sourcing;

– carry out drop sourcing, ie work with professional sourcers such as companies specializing in global sourcing.

 

Sourcing: not just product and supplier research

Sourcing is the cornerstone of your dropshipping business. If you are new to the field, be aware that the competition is fierce. Also, be ambitious. Remember to learn and understand the technical terms used in the context of sourcing: ISO standards, CE standards, supplier audit, test report, customs duties, freight, anti-dumping… English terms are also to be known, namely: MOQ (Minimum Order Quantity), ODM (Original Design Manufacturer), OEM (Original Equipment Manufacturer), EXW – FOB (Chinese purchasing incoterm). Follow a sourcing training to have a complete methodology for a sourcing efficient. Hire a professional sourcing company offering full services (transportation, logistics and freight) to master everything.

 

Focus on product sourcing and purchasing sourcing

Both product sourcing and purchasing sourcing are universal steps in the sales process. They meet various challenges, such as innovation, cost optimization and risk anticipation. This is to bring you competitive advantages. But what is sourcing purchasing and product sourcing?

 

Purchasing sourcing

What is purchasing sourcing? Purchasing sourcing follows a defined process, the duration of which varies according to the product to be sought. It is defined as the action taken by the buyer to identify and evaluate the various offers existing on the market and meeting his needs. Purchasing sourcing has many advantages. The buyer or the responsible sourcing purchases can :

– explore the market segment by segment,

– minimize the risks by studying and evaluating the different suppliers,

– save money on purchases after comparing the different offers,

– save time by having recourse to the service of a sourcing agent to accompany and help him.

By proceeding with purchase sourcing, you will make informed purchases and will have a supplier database that you can use over the long term. To simplify and automate the procurement process, you can use e-sourcing software such as Sourcing force.

 

 

Product sourcing

What is product sourcing? Resulting from purchase sourcing, product sourcing reduces the general cost of purchases, by researching and evaluating the supplier. The implementation of the product sourcing strategy takes place in 5 stages:

– supplier sourcing based on reports. According to the specifications, you will be directed to suppliers offering competitive costs and quality production;

– sampling. This is the way to visualize and test the product, but also to assess the quality of production.

– quality control. This involves the choice of supplier, validation of production, certification tests, as well as the control of standards (WeSourc);

– negotiation of prices, in particular production costs;

– the choice of supplier. In the case of an international search, various parameters must be taken into account: distance, time differences, language, ethical sourcing and sometimes eco-sourcing.

 

Find a company specializing in product sourcing websites

Do you want to collaborate with good suppliers for product sourcing? As part of the supplier sourcing process, go to product sourcing websites and supplier sourcing sites to find a company that specializes in supplier sourcing. The suppliers are authentic and master French and Chinese regulations. Since most buyers source their products from China, do as they do. Get in touch with reliable suppliers on product sourcing websites like AliExpress, Alibaba, Globalsources, HKTDC or Made in China. You can also reach suppliers using social networks: Facebook, China Export, China Sourcing…

 

Supplier sourcing abroad

Supplier sourcing is a very effective business intelligence tool that brings added value to your business. To achieve proper supplier sourcing for your online business, you need to answer the right questions: what is overseas supplier sourcing? HASWhich foreign suppliers do you want to work with for product sourcing? By being rigorous, you will be able to find reliable suppliers (the rare pearls) who offer quality products in a short time, and make them long-term partners for the success of your business. This will help you retain your customers. Focus on the supplier sourcing process.

 

Supplier sourcing: definition and operation

Supplier sourcing is linked to the purchase of products or product sourcing. In the process of supplier sourcing, the dropshipper can identify suppliers with potential before signing a supply contract. He is more likely to collaborate with specialized suppliers. Supplier sourcing is thus advantageous for a dropshipper, by allowing him to align himself with online dropshipping, to assess the supplier's supply and product capacities, to satisfy his customers. With a good collaborator and good goods to offer, the e-merchant is guaranteed a good return on investment and growth in the market. We then speak of dropshipping sourcing. To carry out this process, it is necessary to establish a list of all the selected suppliers.

 

Supplier sourcing being a crucial step for your business, you just need to source the supplier in the right place. the supplier sourcing being a time-consuming activity, it requires excellent knowledge of the market. To succeed the supplier sourcing, you will have to consider various parameters: the product and its range (eg; clothing sourcing, clothing sourcing, etc.), the acceptable purchase price, the volume of stock, the shipping time. Supplier information should also be considered. Check them scrupulously to be sure of the reliability of your future business partner. Create a supplier sourcing sheet. To put the odds in your favor, you can hire a dropshipping checker or a dropshipping sourcing agent. You will be able to sift through all the attractive offers corresponding to your needs (france sourcing, european supplier sourcing, international sourcing).

 

The challenges of supplier sourcing

Supplier sourcing (premium sourcing/low cost sourcing) involves many issues. Since you are going to choose the suppliers offering very favorable prices, you have the possibility of reducing the costs of supply and increasing your profits by increasing the commercial margin realized on the sale of the products. Sourcing suppliers means being able to collaborate with several of them. This will make it easier for you to negotiate prices and delivery times, and reduce the risk of out of stock. Establish a relationship of trust with your business partners in order to be well supported over the long term. Do not hesitate to forge new relationships to be guaranteed to find alternative solutions in the event of unforeseen events (problems of supply).

 

The foreign supplier sourcing process

Most of the time, dropshippers will source abroad (in Asia: Bangladesh, Vietnam, India), and mainly in China. If you are interested in sourcing from China, immerse yourself in the Chinese business world to be able to exchange with potential Chinese suppliers. Find out how they work and operate. You can then let them know your expectations. But before embarking on the supplier sourcing process, you must first assess the costs relating to the purchase. You must also check the know-how and the capacity of the suppliers, the respect of the rules related to the quality of the products, the availability of the logistic infrastructures. During supplier sourcing, also pay attention to competition, market prices, the purchasing process and delivery times. To facilitate your research, you can use supplier sourcing tools such as Sourcing box.

 

Dropshipping sourcing: find agents in China

In recent years, low cost sourcing has developed. Many regions of the world have positioned themselves as low-cost sourcing opportunities. China is one of the low cost sourcing zones. To succeed in your dropshipping sourcing in China, a few steps are necessary. This involves retaining the services of Chinese logistics agents. Basically, import-export companies worked as freight forwarders or sourcers. With the development of e-commerce in dropshipping, sourcing china france agents can both manage your stock and find suppliers for you. Focus on these sourcing agents and their skills!

 

Sourcing dropshipping: what is adropshipping people

Whether you are a seasoned importer of Chinese products or new to dropshipping sourcing, you will find that sourcing from overseas is not that easy. There are risks that the quality of the products will disappoint you, that the delivery will be delayed, that some essential certificates for the import will be missing. To make your sourcing, low cost sourcing or dropshipping sourcing a success, call on a dropshipping agent specialized in professional sourcing. This agent will simplify the process of sourcing Chinese products by helping you find suppliers who offer excellent value for money. Knowing the Chinese market, this sourcing guide will direct you to the factory or supplier that will meet your expectations. He will be responsible for monitoring the production process of your order in real time.

Being your representative and direct negotiator, the China sourcing agent will take care of the quality control of the products and will ensure that they correspond to the expectations of your customers. It is the perfect dropshipping sourcing partner that will allow you to import products legally. Using a polyglot agent will be ideal.

 

The dropshipping sourcing agent: how to choose it?

As part of supplier sourcing, the Chinese dropshipping sourcing agent helps you develop your business and build your brand image so that your business lasts in the long term. Specialist in dropshipping sourcing, the dropshipping sourcing agent must be fluent in English (spoken and written) to communicate easily with your suppliers. He must also be responsive in finding answers to your questions. Furthermore, this "chasser » must identify your needs in order to formulate them clearly with the manufacturing plant. It is also important that the dropshipping sourcing agent knows your sector well as well as the products you sell to your customers. It must also be effective in terms of sustainable sourcing. Finally, make sure that your agent has significant experience in import-export and perfect administrative and legal knowledge, and that he masters international transport. In short, choose from a preselection of top china sourcing agents and take advantage of attractive sourcing china prices.

 

China sourcing: a low cost sourcing

Have you established a relationship of trust with one of your business partners (wholesalers or suppliers) or Chinese sourcing provider? Ask him to be your agent for sourcing from China, purchasing sourcing from China and product sourcing from China. Many Chinese suppliers offer this service to their customers, on the condition that they hold a trading company to avoid conflicts of interest. For the recruitment of your dropshipping sourcing agent, do research on Google. By typing Agent dropshipping China or China sourcing, you will come across the coordinates of sourcing agents from China. To be sure of the quality of their work and their reliability, look for evidence of their purchasing experiences. You can also turn to marketplaces, b2b sourcing and product sourcing websites such as Alibaba, Sourcing hub or Sourcing journal, which work with low-commission sourcing agents. Take the time to compare them. Sino Sourcing is a benchmark and an invaluable partner for China import sourcing.

Various sourcing offices in China will be able to support and advise you in your China sourcing process. These include: Sino Shipping, Import Dojo, Imex Sourcing Services, Falzon Apparel, Dragon Sourcing, Bay Source Global (located in the USA), LINC Sourcing, Easy Imex.

 

Sourcing westock europe

 

Westock europe sourcing: an informed choice

In an ultra-competitive market, it is important to bet on suppliers offering high-end products to stand out. To this end, opt for westock europe sourcing. This b2b sourcing platform brings together 65 manufacturers, 000 brands and more than 58 premium quality products at wholesale prices. For premium sourcing, remember the name We stock.

 

Reliable premium sourcing

Despite the existence of product sourcing websites, many e-merchants prefer to rely on premium sourcing. This is the case for all those who operate in the luxury industry where lowering costs is not an option. To remain competitive, it is therefore necessary to look for the right products in the right area. And as the trend is to buy locally or "make or buy", sourcing westock europe will allow you to offer quality products to your customers.

 

A b2b sourcing specialist

Without a doubt, alongside digital marketplaces and b2b sourcing platforms such as Alibaba, AliExpress, Ebay or Amazon, Westock is the premium sourcing in France and premium international sourcing par excellence. This b2b sourcing specialist meets the challenges of the general public by offering a wide range of products. Do not hesitate to carry out westock europe sourcing to be in contact with all kinds of suppliers and to satisfy the requests of your customers.