How do you ensure that your sourcing company in the US is competitive on a global scale? That’s the question many of our clients have asked us recently, and the answer to it can be quite simple – turnkey manufacturing. Here are six reasons why your sourcing company in the US should go global through turnkey manufacturing:
1)
Open New Markets
Turnkey manufacturing is great, but you can only grow so far by relying on local demand. If you want to be truly successful, then you need to open new markets and tap into those global consumer bases. A global turnkey manufacturer can help you with that - and reap all of the benefits for yourself. The best source will have experience dealing with clients from different countries and workflows, as well as a network of reliable suppliers around the world. For example, a USA-based manufacturer may not know how or even where to find suppliers in Europe or Asia. With experience comes knowledge – it’s important to take advantage of that!
2)
Negotiate Better Deals
Many companies make sourcing mistakes when they’re new to importing because they have no idea what kind of deals are out there. If you don’t know where to look, it can be hard to negotiate a good deal. That’s where an experienced partner like Wal-Mart or Alibaba comes in. As a turnkey manufacturer for large retailers, we work with global suppliers and negotiate with them on your behalf. We can help you source products at wholesale prices from overseas manufacturers who deliver products made-to-order with fast lead times and high-quality standards.
3)
Reach Global Partners & Investors
Your business could be huge, but unless you reach an international audience, you won’t ever realize its full potential. One of biggest benefits of working with a turnkey manufacturing partner is their ability to introduce you to global business partners and investors. Depending on your industry, success on a local level may not mean much. However, having access to international business partners and investors opens up new opportunities for marketing, supply chain optimization and brand-building that can help catapult your business into superstardom— literally! Imagine introducing yourself as a multi-national corporation from day one instead of a small startup with dreams of being big.
4)
Save Time Finding Customers
It might seem like outsourcing is all about saving money, but it can also save you time—particularly if you use a global team. For instance, if you have a business idea but aren’t sure which country to launch it in, turning to an experienced supplier that knows which markets have worked well before could help you source products faster and get a head start on finding new customers. You may be surprised to find that small changes or edits to your original product require major changes on how it’s sourced overseas. Turnkey manufacturers will make sure everything is accounted for so you don’t need additional resources for that work. With turnkey manufacturing services, there are no more excuses not to try something new!
5)
Reduce Risk of Import/Export Issues
While import/export rules and regulations differ greatly by region, many companies believe that by shipping their products with a global sourcing company, they can reduce their risk of import/export issues. The belief is simple: With one contract and one partner to help you ship and sell overseas, you’ll avoid making costly mistakes or falling victim to unscrupulous importers or exporters. And because most turnkey companies have extensive networks in place, they’re able to make importing and exporting easier on newbies without sacrificing professionalism.
6)
Capitalize on Insider Knowledge
The insider knowledge concept may be obvious to some—it certainly wasn’t, however, to many first-time importers who were accustomed to traditional forms of supply chain management. In short, here’s what happens: You purchase inventory from a supplier overseas. The finished goods are then shipped directly to your warehouse and placed into inventory. Then you move on—to marketing, design, and development, etc.—completely forgetting about that stock until it needs to be sold or shipped out again. With an OIEC business model, suppliers work alongside their customers at every stage of product development and production; thus ensuring both parties have complete visibility from cradle-to-grave for each shipment of goods moving through their supply chains.
Conclusion
If you’re looking for a more
strategic, scalable approach to managing all of your product sourcing needs,
consider outbound sourcing services. Turnkey manufacturing companies provide
you with a global solution that can cut costs and increase profits while
improving efficiency. If you need help understanding what outbound services
might be right for your business, contact a procurement companies in the USA today. Our years of experience have given us an impressive depth
of knowledge in outbound sales and logistics; we would be happy to discuss how
our services can best meet all of your business’s unique needs. For more
information about how outsourcing can benefit your business, check out our site
today!