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Join Renaud Anjoran, Founder & CEO of Sofeast, in this podcast aimed at importers who develop their own products as he discusses the hottest topics and shares actionable tips for manufacturing in China & Asia today! WHO IS RENAUD? Renaud is a French ISO 9001 & 14001 certified lead auditor, ASQ certified Quality Engineer and Quality Manager who has been working in the Chinese manufacturing industry since 2005. He is the founder of the Sofeast group that has over 200 staff globally and offers services (QA, product development & engineering, project management, Supply Chain Management, product compliance, reliability testing), contract manufacturing, and 3PL fulfillment for importers and businesses who develop their own products and buyers from China & SE Asia. WHY LISTEN? We‘ll discuss interesting topics for anyone who develops and sources their products from Asian suppliers and will share Renaud‘s decades of manufacturing experience, as well as inviting guests from the industry to get a different viewpoint. Our goal is to help you get better results and end up with suppliers and products that exceed your expectations!
Episodes
Friday May 07, 2021
Friday May 07, 2021
In This Episode...
Sofeast's CEO Renaud Anjoran joins Adrian from the team to explore the best practices importers could follow when sourcing a new contract manufacturer or component supplier in China, or beyond. This includes sourcing options (who to use), the typical sourcing process, if the lowest prices are always best, IP protection, manufacturer types, and CM sourcing tools and steps.
The purpose of this episode is to give you the awareness of risks that await you, suggestions on how to qualify better supplier/CM options, and an understanding of the different types of manufacturers you may encounter and what their expectations may be.
Hopefully, you'll find a CM or supplier who better aligns with your needs.
Show Notes
00:00 - Introducing the episode
00:49 - Who should be doing the sourcing? Is working with a sourcing agent necessary? - Renaud explains the different sourcing options and some of their pros and cons:
- 01:53 - Commissioned agent.
- 05:00 - Third-party sourcing agency. (This is the model Sofeast's supply chain management team follows when sourcing suppliers for you).
- 05:52 - A trading company.
- 09:07 - Buy direct from a factory yourself.
12:41 - Exploring two typical sourcing process 'templates' that can generally be followed by most buyers.
- If you buy standard off-the-shelf products...
- If you develop your new product with confidential IP...
After going through a thorough and careful sourcing process you can end up with a preferred supplier and keep one in reserve as a backup factory, too.
20:14 - Is chasing the lowest price the best strategy? - choosing the lowest price comes with risks which we explore here.
26:33 - Tips to protect IP when sourcing manufacturers or suppliers - don't send designs, etc, to 20 potential suppliers, as you are leaking it yourself. Don't assume that your local NDA will protect you in China, it won't.
🤔 Explore further: We spoke before about manufacturing contracts/agreements here.
32:38 - Which of the different types of manufacturers is suitable for you? ODM, OEM, or CM? - Renaud explains each of your manufacturer options:
- ODMs
- OEMs
- Contract Manufacturers, like our own CM subsidiary Agilian Technology
🤔 Explore further: We covered OEMs, ODMs, and CMs in detail in this episode.
41:35 - What kinds of tools and steps might buyers follow when sourcing a CM? - if you develop a new product you need to consider the following tools and steps...
47:11 - Wrapping up
Related content...
- How to switch to a new Chinese manufacturer [eBook]
- Which suppliers are the right fit for you if you're developing new products?
- OEM, ODM, CM: Which Chinese supplier to choose?
- Producing Private Label Products From Existing Products In China: 3 Supplier Options
- IP Protection For Manufacturers. Keep Component Suppliers In The Dark
- How To Create A Valid Manufacturing Contract In China To Protect Your IP
Get in touch with Sofeast
- Connect with us on LinkedIn
- Send us a tweet @sofeast
- Prefer Facebook? Check us out on FB
- Contact us via Sofeast's contact page
- Subscribe to our YouTube channel
Subscribe to the podcast
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