Does your company source products from China? Should they?

July 8th, 2008

Is having access to new sources of supply from new and emerging markets through e-procurement tools a priority for your company?

Is having access to new sources of supply from new and emerging markets through e-procurement tools a priority for your company?

Sourcing from China can provide companies with unprecedented access to a new supply base. This is a critical step in maintaining and lowering your costs in a challenging global economy.

Important questions that may be asked of your provider include but are certainly not limited to the following. These questions will help to minimize the risks that are commonly associated with the use of long distance global supply chains.
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1. Does your provider have experienced customer service representatives who have procurement expertise in hosted e-procurement events?
2. Does your provider have a well documented e-procurement strategy?
3. Do the suppliers in your provider’s database have a clear understanding of the products or services being purchased?
4. Are your provider’s tools flexible enough to support a variety e-procurement event types.
5. Does your provider offer a robust specification library with hundreds of templates for each type of reverse auction?
6. Does your provider conduct ongoing supplier development including audits and local training
7. Does your provider offer safety certification RFI compliance?
8. Does your provider test suppliers for their eco strategies?

The SafeSourcing SafeSourceIt™ North American Supplier Database was released to the retail market on May 12th of this year with over 95,000 suppliers. This database will add over 9,000 China based suppliers by the end of July in addition to 8,000 additional North American suppliers. This supports our mission to continually evolve our product offerings in order to offer the best tools in the industry to our retail partners.

We look forward to your comments.

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