Have you considered sourcing products from China or other countries in the Asia Pacific Region?

August 4th, 2009

Is having access to new sources of supply from off shore markets through e-negotiation tools important to your company?

Is having access to new sources of supply from off shore markets through e-negotiation tools important to your company?

Sourcing from China and other Pacific Rim companies can provide your company with unprecedented access to a new supply base. This may emerge as a critical step in maintaining and lowering your costs in a challenging global economy. But, and it is a big but. You have to be careful

There are number important questions that you must ask of your e-negotiation solutions provider that could include but are certainly not limited to the following. These questions will help to mitigate 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-negotiation events?
2. Does your provider have a well documented e-negotiation strategy?
3. Do the suppliers in your provider?s database have a clear understanding of the products and or services being purchased?
4. Are your provider?s tools flexible enough to support a variety e-negotiation event types.
5. Does your provider offer a robust specification library with hundreds of category templates for all types of reverse auctions?
6. Does your provider conduct ongoing supplier development including audits and local training
7. Does your provider offer safety certification through a vetted RFI compliance process?
8. Does your provider test suppliers for their environmental and product safety certification adherence?
9. Does your solutions provider offer a social environment that supports open communications for agents, buyers and suppliers to regularly collaborate with one another on complex supply chain issues?

The SafeSourcing SafeSourceIt? Global Supplier Database contains over 300,000 new sources of supply from countries like Japan, China and Korea.

As always, we look forward to and appreciate your comments.

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