How To Get Your Product
Sourced And Manufactured
In India?Essential tips to save yourself from expensive mistakes
If you’re interested in sourcing products from India, you’re probably wondering how to start and do it right. Well, don’t worry at all. This article will handhold you through all you need to know about getting your product sourced and manufactured in India.
First, let’s find out how to get the suppliers.
Finding The Right Suppliers To Get Your Product Sourced And Manufactured In India
There are multiple ways to do it. Here are some of the ways you can leverage.
⇒ Websites
There are a couple of websites that are catered to sellers looking for suppliers who can get your products sourced and manufactured in India. It’s just a marketplace where you’ll find a vast range of suppliers for the same product, filter them according to your needs, and then contact them.
If you want to get metal or plastics components sourced and manufactured in India, APOGEE offers outstanding services to make your sourcing job more accessible than ever! Take a look at why it’s best to source through APOGEE, the kind of products they can supply, their suppliers’ details, and, most importantly, their affordable pricing packages.
⇒Trade show
The trade show is a beautiful place to acquaint yourself with a wide variety of suppliers, showcasing their products right in front of you. You can talk to them in person. And of course, you can discuss the details regarding minimum or maximum order quantities with each supplier.
With trade shows, you can also get the feel of the products firsthand.
⇒ Export Promotion Council
Government of India, Ministry of Commerce, has formed FIEO (Federation of Indian Export Organisations) to facilitate the process of getting products sourced and manufactured in India. There are other product-specific export promotion councils also. You can approach them with your queries. They’ve got a massive database consisting of most of the suppliers for all product categories.
It is better to know beforehand that the response of the council could be slow. Be prepared for long waiting hours before you go there.
Procurement Outsourcing
Getting your products sourced and manufactured in India is arguably a tedious job. It includes searching for the right suppliers, visiting factories to gauge the ability of the suppliers, getting quotations from the suppliers followed by negotiation with them, signing the contract with the selected supplier, conducting a quality audit of all the ordered items, among others.
Just imagine how lengthy and tedious the whole sourcing process can be. If you’re new to this, you may find it very difficult to sail through all these steps.
Now, the question is, would you like to take the trouble of sourcing the products all by yourself, or would you instead focus your energy on marketing and selling products to your customers?”
Let us direct you on another line of thought, “What else can you do to avoid this arduous sourcing process?”
Well, you can easily outsource the whole task to APOGEE Procurement Outsourcing services.
Save your time. Utilize it to focus more on other essential areas of your business.
Supplier Audit Inspection
You’d want the quality of your products coming from the supplier to be top-notch.
When you’re searching for a supplier, you have to do factory audits so you can assess all kinds of risks existing in the supplier’s factory. Checking the quality assurance is also necessary.
Also, at the time of delivery, you must conduct quality checks on your products before shipment.
But, all these quality audit inspections require a lot of time and a considerable workforce.
There is only one way you can get rid of this enormous headache.
Outsource it to APOGEE Audit and Inspection and heave a sigh of relief!
APOGEE will send their experts to the factory of your choice and then give you a detailed report at a little cost.
See: Sample QC Inspection Report (Layout Inspection)
Additional: Ask for a sample of Factory Audit Format of APOGEE
Tips To Get Your Product Sourced and Manufactured In India Effectively
· Build relationships
As you’re getting your product sourced and manufactured in India, try to build a good bonding with your supplier. Repeat your orders with the same supplier.
Doing so builds trust between you and your supplier, and it will certainly pay you off in the long-term, like getting better prices from your supplier, better payment terms, longer credit duration, and others.
· Hierarchy is fundamental
In India, a strict hierarchy is maintained. People at the top of the company tend to take all the vital business decisions.
So, if you want to negotiate before making the deal, contact the senior-most person who has the authority to take all the critical decisions.
· Ask questions to know more about the worst-case scenarios
You can’t rule out the fact that there are many uncertainties involved while getting your product sourced and manufactured in India. Hence, you need to know what exactly will happen in case of any crisis directly from your supplier(s).
Questions You Should Ask Your Supplier Before The Contract
The following are some of the most important questions that you should ask your supplier so that you’re better aware of the intricacies concerning the deal.
· What are the terms of my payment and incoterms?
You can negotiate the incoterms & payment terms with your supplier. Usually, Indian suppliers prefer advance payment and Ex-factory delivery, which means you need someone in India to ensure everything for you.
· What will happen if the products aren’t ready in time?
Your supplier can’t certainly assure you that your product will be ready precisely on time. Therefore, your supplier should clarify the worst-case scenarios in advance.
· Is there any possibility that the price of the product may change later?
You should know under what kind of circumstances the price of the product may change. How are you going to be informed?
· How does your supplier manage quality issues found when products reached in your country?
Your supplier should clarify this in detail. And it would be best if you considered this in mind while selecting the supplier.
Read: 25 must-have points in your international supplier’s quotation
Takeaway
If you haven’t sourced your product from India ever before, don’t take the risk of doing it all by yourself. Outsource it to APOGEE, who are experts in this. Many global companies are already getting their products sourced and manufactured in India through APOGEE.
So, why are you waiting? Contact APOGEE and set a meeting.
