What are some of the primary problems or concerns associated

What are some of the primary problems or concerns associated with sourcing from a foreign supplier?

Solution

Total cost: When you look for a foreign supplier you might want to choose the one who provides the bost cost per unit however you need to take in consideration the complete picture, there are tranpostation costs, customs and duties broker services etc that you need to consider, it is important to get the complete cost to make sure it is better for you to use the supplier Quality of the product: There are times when the cost is right and makes you more competitie and can provide a better price to your customer but if the products has a bad quality then you will roun out of customers. Quality has a price, Transportation capability: It is not only important to find the correct supplier and product that satisfied your needs but you also need a way to transport it to your country, you need to take in consideration what method of transportation is available on the foreing contry and which one is a best fit. You could send your product via Air next day delivery but your cost will be too high, specially if is a heavy weight. You might want to consider via ocean. Government Regulations: depending on your country there are some that have strict regulations with foreign contries and makes the import / export process less favorable Time of the response from the supplier: If your supplier has all the cualities you are looking for on a product but the time of the response is too much then you will need to find a new one because slow response time will create delays on production and this equals unhappy customers. Communication: You need to make sure your supplier is respondly to your calls or emails as soon as possible, on today`s globalize world managers need immediate response