A sourcing agent assists a company with the process of locating sources for products and supplies at low prices so the company can save money on production. ... Sourcing agents have connections with domestic companies and know where to find various supplies.Jun 21, 2014
How can I be a good sourcing agent?
- Business License.
- Experience & Specialization.
- Testimonials. The more experience a sourcing specialist has, the more companies they will have served.
- Language.
- Location & Flexibility.
- Supplier Network. ...
- Transparency. ...
- The sourcing agent is paid by the factory.
What should I ask a sourcing agent?
- How will they get paid, and by whom?
- Will you be able to visit the factories before/during production?
- Can they provide referrals or testimonials from satisfied customers who are using his services and who buy the same type of product as you?
Should I get a sourcing agent?
There are multiple reasons for getting a product sourcing agent, but the major one is that you increase your chances of locating high-quality goods efficiently and quickly. ... Buying agents can find high-quality suppliers in your place, and much more effectively than you would do.Dec 10, 2020
How do sourcing agents make money?
Another way that a sourcing agent can make money is to find a low-cost, and often low-quality, manufacturer, charge you what quality suppliers would charge, and split the difference with the factory. As an example, most of the bids for a project from good suppliers may result in a competitive price of $10 per part.Nov 23, 2021
How much does a China sourcing agent cost?
As there is no standard, you may have to pay anywhere between 5%-10% of the order cost as sourcing fees. However, the percentage will depend on the size of the order and also the type of product. If your order is bigger, some sourcing agencies may work on as low as 3% commission.Sep 26, 2020
How do sourcing agents work?
A sourcing agent assists a company with the process of locating sources for products and supplies at low prices so the company can save money on production. ... They can negotiate with a prospective supplier and may be able to work out discounts and other deals that the company does not have time to negotiate on its own.Jun 21, 2014
What do sourcing agents look for?
A sourcing agent assists a company with the process of locating sources for products and supplies at low prices so the company can save money on production. Sourcing agents may represent a single employer or could run a business that serves a number of companies.Jun 21, 2014