
What does sourcing mean concretely? What is its reason of being? Why sourcing is important in the production world? What are the extends of sourcing?
What are the main key tools and technics to source : to find a new factory?
Explore seven sourcing methods, from specialized trade shows and exhibitions to online platforms like Alibaba, with networks, third parties, inspections, logistics partners, and chambers of commerce.
It explains the production life cycle within one year indicating the notion of low season and peak season and how to negotiate accordingly.
Explore terms of payment and how bank transfers and guarantees affect cash flow in sourcing. Learn how deposits and deferred payments finance production and supplier relationships.
Analyze six RFQ criteria, including price, quality, overall lead time, production lead time, minimum order quantity, and payment terms, to select an adequate factory and tailor sourcing to client needs.
Define and implement a supplier policy to select reliable factories, monitor performance by season, balance atomized and mono sourcing, and foster clear, strategic, long-term supplier collaboration.
Learn to use the RFQ tool to choose the right supplier, structure exhaustive product briefs, and evaluate suppliers with a six-criterion framework including price, materials, packaging, and labeling.
Demonstrates practical templates and case studies for RFQ and supplier simulation, guiding you through end-to-end sourcing with merchandiser-buyer roles, lead times, incoterms, and supplier evaluation.
This simulation of a sourcing on a fair/exhibition is exactly the best example of the reality: how to handle and to behave on a trade show to know exactly if a sourcing is relevant. The document in appendix explains exactly the behavior of the trader (the buyer) and the factory.
Learn to evaluate suppliers in a sourcing simulation using discovery, sit-downs, and qualification questions, focusing on market, capabilities, quality assurance, incoterms, trial orders, and long-term partnerships.
Summarize of what we saw and the intakes
Get my other courses which are the part of the big picture of trading with a discounted price:
1-Prospection and negotiation (LINK available in the attachment)
2-Production (LINK available in the attachment)
3-Transportation and logistics (LINK available in the attachment)
4-Methodology for launching your own business (LINK available in the attachment)
This lecture outlines a global vision for import-export trading, detailing four steps—design, sourcing, production follow-up with quality assurance, and shipment—linking production and demand in a B2B framework.
Hello everybody,
This course explains clearly the Procurement supply chain process: Sourcing, procurement and purchasing/buying. You will learn how to source, value, and analyze good products with ready templates used by a businessman.
This course will allow you to have the big picture of sourcing-buying-procurement proposing a rigorous methodology to find factories (by locating them) and by valuing them, thereby choosing a specific one for a special request based on a client analysis.
We will cover a maximum of examples with simulations, case studies, and real testimonies (fruit of operational 20 years of real experience). Therefore, you will have at the end a maximum of operational tools and templates to use for your professional life.
Concretely what will you learn?
1-How to source properly everywhere in the world
2-How to value a good factory/partner
3-How to avoid the mistakes when you source a product
4-How to save time, effort and money when you start sourcing
5-How to manage operational templates to start sourcing
NB: This course Sourcing Procurement Purchasing: practical methodology is a part (that you can just study independently), like one chapter of the big picture called "International Trade Import and Export" which includes 3 other courses of mine if you want to enlarge your horizon and your perspectives, but this one can be studied independently :
1-Prospection and negotiation
2-Sourcing and buying/purchasing
3-Production follow-up and quality assurance
4-Transportation and logistics
NB: In addition to that, as a kind of bonus and for free, I share with you my YouTube channel
Just type “Aurelien Millot Master Key(s)” you will find it. It is for opening your mind, discovering new perspectives of life in general for those who are on a certain quest for the meaning of life… Who knows! A word to the wise. :)
Best regards,
Aurelien Millot