Practical guide for Re-export trade: How to protect supplier channels and risk control!
20 May 2024
In international trade, entrepot trade is a common form of trade. It usually involves the transshipment of goods through a third country or region to achieve trade purposes. The following are some specific issues and operational suggestions for entrepot trade, which we hope will be helpful to you. 1. Supplier Channel Protection Problem Description: The customer requires the goods to be transferred to the bonded area for...
The impact of rising cotton prices on the textile industry: Cotton spinning companies are facing challenges and market demand is weakening
19 June 2023
Since April and May of this year, cotton prices have been rising, bringing positive quotes for related trading companies, but for cotton textile companies, they are facing a soft cotton market environment. Although the rise in cotton prices has led to an increase in the prices of related products, downstream demand has not improved much, which cannot provide long-term support for upstream prices. I. The impact of rising cotton prices on cotton spinning...
In cross-border procurement, how much does exchange rate fluctuations affect the business?
11 April 2023
In cross-border procurement, exchange rate fluctuations are a frequent issue that can have an adverse impact on business. Here is a relevant case: Suppose a Chinese company plans to purchase raw materials from the United States. The purchase contract stipulates that the purchase amount is $100,000. When the contract is signed, the exchange rate of RMB to USD is 1 USD = 6.8 RMB. Then...
Choosing the right supplier is the primary part of supplier management
4 April 2023
Supplier management is a very important link in the enterprise, it includes choosing the right suppliers, establishing a stable supply chain relationship, managing the performance of suppliers, assessing the risk of suppliers, etc. In an increasingly competitive market environment, excellent supplier management can effectively improve the procurement efficiency of the enterprise, control the cost of procurement, but also can improve the quality and quality of products.
What are the reasonable procurement strategies for enterprises to formulate?
3 April 2023
A procurement strategy is the plan and method that a company follows during the procurement process, which directly affects the companys procurement costs, quality, delivery time, and other aspects. Therefore, formulating a reasonable procurement strategy is of vital importance to a companys business management. Here are some suggestions for developing a procurement strategy: Regularly Evaluate Suppliers Companies should regularly evaluate their supply...
How do companies do a good job of quality control?
March 31, 2023
Quality control refers to the process by which a company manages and controls the quality of its products or services, aiming to ensure that the products or services can meet customer needs and requirements, and improve the reliability and competitiveness of the products or services. Quality control is a very important part of business management and plays a key role in the quality management and control of products or services. The main objectives of quality control...
Seven key points in the procurement process
March 31, 2023
The procurement process refers to the specific steps and procedures that a company takes to carry out procurement activities, including demand confirmation, sourcing, supplier selection, contract signing, order placement, delivery, and receipt. This article will detail each step of the procurement process. I. Demand Confirmation Before a company carries out procurement activities, it needs to confirm its needs, including the type, quantity...
What are the services of the procurement agency?
March 31, 2023
A purchasing agent is an intermediary company that finds, selects, and purchases goods or services for clients. Its role is to help clients reduce procurement costs, optimize procurement processes, and improve procurement efficiency and quality. With the rise of globalization and e-commerce platforms, purchasing agents have become an important part of cross-border trade and international trade. The main services of purchasing agent companies include the following...
Basic concepts, importance and implementation steps of international procurement
March 31, 2023
International procurement refers to the process by which a company or organization purchases the products or services it needs from overseas. With the development of globalization and the continuous expansion of international trade, more and more companies are beginning to look for cross-border procurement opportunities to obtain more profits and improve product quality. This article will introduce the basic concepts, importance, and steps of implementing international procurement. I. International Procurement...
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