Sourcing & Negotiation
Quotations In Global Trade
Last updated on June 26, 2024 by Ben Thompson
Comparing quotations from suppliers is essential in global trade to manage costs and ensure smooth operations. Quotations detail prices, delivery times, and payment methods. By carefully comparing these quotes, businesses can identify the best deals, control costs, and avoid potential issues. This process helps optimize landed costs and supports informed decision-making for long-term profitability.
Request for Quotations (RFQ) in the Import-Export Process
Last updated on June 11, 2024 by Ben ThompsonA Request for Quotation (RFQ) is crucial in the import-export process, helping streamline sourcing, quoting, and ordering. This guide explains what an RFQ is, its advantages, and the detailed steps involved in the RFQ process. Learn how to prepare an effective RFQ document, ensure transparent and competitive supplier selection, and understand the differences between RFQs…
5 Tips For Better Sourcing Suppliers from Alibaba
Last updated on September 10, 2018 by Ben ThompsonSourcing suppliers from online marketplaces like Alibaba can be a quick and cheap option for your business. However, you must know what to look for and what to avoid.
Podcast – Sourcing goods from Alibaba with Heather from Sourcing Playground
Last updated on August 3, 2018 by Ben ThompsonHeather from Sourcing Playground explains how buyers should correctly source imported goods from online marketplaces such as Alibaba, Made-In-China, Global Sources others. Heather gives key tips on how to correctly give suppliers detailed product information, how to compare supplier's quotations and product specifications, overcome language and cultural barriers, understand if you are dealing with a…
