Summary:
- You will find the top 10 product sourcing companies tailored for small and medium enterprises (SMEs) in this article.
- It shows the importance of transparent, reliable, and sustainable procurement for SMEs.
- Some good companies include Tradelinq, ThomasNet, GSI (Global Sourcing International), Cosmo Sourcing, MRA Global, EDS International, Alibaba, Tradegood, MFG.com, and Dragon Sourcing.
- There are brief descriptions of each firm’s strength (e.g., Alibaba’s large supplier network, Tradegood’s supplier verification tools, and GSI’s turnkey sourcing).
- The post also includes an FAQ section covering why SMEs need sourcing services and what to watch out for (MOQ, shipping, compliance, verification).
Worldwide Brands:
There are many well-known brands that are best suited for small scale industries when it comes to procurement. In this article we take into account 10 such companies which are beneficial for small scale business houses when it comes to transparent, reliable and long term sustainable procurement solutions. They provide factory authorized products and bridge the gap between manufacturers, wholesalers, suppliers with their potential clients. Assurance on the quality of products along with access to factories made them an appropriate choice for procurement activities of small scale businesses.
1. TRADELING:
It is an appropriate choice because it helps the small scale enterprises to connect with their potential suppliers so that their conditions of procurement are met. Their services cut across several fields and industries where they help the business get their hands on real products, good services and also profitable and secure payments. They have a strong logistics team and a major hub in the middle east which enhances their transparency and efficiency of procurement.
2. THOMASNET:
This North American company works to connect manufacturers and suppliers in the North American market. Its main characteristic is that it provides full data for every company they work with along with necessary information and certifications. They also have a catalogue to make sure that they are able to provide the best and high end procurement solutions to their clients.
3. GLOBAL SOURCING INTERNATIONAL (GSI) :
This company offers turnkey sourcing opportunities to the small scale business houses which includes close monitoring of each and every step from picking out the right supplier, checking their identification information to finally delivering the products. It helps to give direct factory access and helps to maintain quality of the products. It also gives the business houses the opportunity to customize their products thereby making procurement transparent, effective and sustainable.
4. COSMO SOURCING:
They offer transparent and reliable sourcing opportunities, which would be sustainable and profitable for small scale business houses. Their work is mainly focused on flat rate sourcing from major manufacturing economies such as countries like China and Vietnam. Their aim is simple sourcing solutions which prove to be profitable and successful in the long run.
5. MRA GLOBAL:
This company provides tailored plans that align strategically with their goals and aspirations. Strategic sourcing forms an important part of the overall supply chain management system because it directly affects consumer satisfaction. Their services have proven to be useful for business houses as they provide end to end solutions.
6. EDS INTERNATIONAL:
This procurement company is the right choice for small scale companies which are capable enough to take their business beyond the local market by tapping into the potentials of the global market and looking forward to sustainable relationships with suppliers around the globe.
7. ALIBABA:
A China based company, it is an online platform which connects a huge number of suppliers and their clients. This might be the best choice for businesses looking for different segments of products and wanting to choose from a large selection of suppliers.
8. TRADEGOOD:
The most noteworthy thing that this company has to offer is a wide range of supplier examination tools along with a strong network across the globe. Their services are particularly essential when supplier verification becomes almost mandatory and complying with the various laws and regulations that are in place.
9. MFG.com:
It is a digital market that sets up buyers with their potential suppliers along with offering customisation and tailored solutions for exclusive products and services.
10. Dragon Sourcing:
Globally present procurement company which provides small scale businesses the opportunities to identify and pick out the right suppliers so that they get into the right contracts which would then yield profitable results. They are present across Asia, Latin America, Africa and more.
FAQ:
- Why does small scale business need sourcing ?
- ans :- To get genuine goods at a fair price without any hassle.
- What should small scale businesses keep in mind ?
- ans :- Apart from MOQ, they should be well acquainted with shipping, compliance and verification details.
- What are the benefits of product sourcing companies ?
- ans:- Since these companies collaborate with verified sellers and buyers there is minimal to no chances of fraudulent activities.
Author’s Bio:
Pankaj Tuteja
Head of Operations – India
https://www.dragonsourcing.com