One of KickPOWER's keys to its sustained growth and upward success trajectory is our deep knowledge in Sourcing.
In addition to being a leading manufacturer, we have more than 30 years of experience in sourcing and supply chain logistics. Product sourcing involves a series of steps to identify and select suppliers, negotiate prices and terms, manage the logistics of shipping the products to their final destination, and more.As your partner on this venture, KickPOWER helps you choose the right product(s) and pull together the key players you need to be successful in a 7-step process.
The first step in product sourcing is identifying the product(s) that best serve the consumers’ wants and needs. This step involves researching market trends, analyzing customer demand, and determining product specifics and requirements.
Once the product description is specified, the next step is to research potential suppliers. When you work with KickPOWER, as a member of various chambers of commerce, you gain VIP access to many global sources. Our local team has access to the best supplier for your customers' needs. In addition, we contact and work with trade associations or government agencies and more as necessary.
The next step is to evaluate them based on various factors, including manufacturer certifications, product quality, price, production capacity, lead times, and delivery options. This step may involve requesting product samples, reviewing factory facilities and production processes, and conducting site visits.
Once a supplier has been identified and evaluated, the next step is to negotiate the terms of the agreement. The discussions include pricing, payment terms, product specifications, and delivery schedules. Therefore, it is essential to clearly understand all terms and conditions before finalizing any agreement.
Before products are shipped, it is critical to conduct quality control checks to ensure they meet the required specifications. The process may involve reviewing samples, performing lab tests, and reviewing product certifications.
Once you have the products and the quality control checks are completed, the next step is to arrange shipping and logistics. This step involves coordinating with a freight forwarder, arranging customs clearance, and managing potential issues or delays.
Establishing ongoing communication and relationship management with the supplier is essential to maintain a successful sourcing relationship. This step includes reviewing performance metrics, addressing issues, and exploring further collaboration and improvement opportunities.