China Manufacturing Decoded
China Manufacturing Decoded
Sofeast
9 Ways Importers Can Save Money
43 minutes Posted Oct 21, 2022 at 8:50 am.
Greetings.
Pre-chat: Our team member's story when she ended up in a quarantine hospital in China.
Today's topic: 9 Ways for importers to save money.
1. Avoid big problems on the manufacturing & transportation side.
2. Avoid big problems on the distribution side.
3. Re-engineer your products.
4. Place larger orders with fewer key suppliers to benefit from lower pricing.
5. Use competition among your suppliers to drive down prices.
6. Avoid buying via a trading company if they don't add value that warrants the extra cost (in most cases).
7. Relocate manufacturing.
8. Internalize manufacturing (DIY).
9. Spend money more wisely on inspections, testing, etc.
Wrapping up.
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Show notes
In this episode...
Renaud shares 9 ways that importers who are using overseas suppliers to manufacture their products can save money.
Today, more than ever, cost-cutting is important for people at home and in business. Material costs, shipping, and energy costs are all rising, putting the squeeze on importers' profits.
So if there are ways that you can get your products made and delivered and shave the costs somehow, they're sure to be welcome. You'll learn how to reduce costs by sourcing great manufacturers, reducing risks during product design and development, reshoring or near-shoring production, optimizing the product inspections you're doing, and much much more!
 
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