Do you have a new product idea but need suppliers and a cost calculation to estimate your potential profit margins? We help you identify and contact potential manufacturers, to confirm unit prices, MOQ, tooling costs, and lead times. Further, we also help you calculate the total landed cost – including shipping, import duties, and other taxes.
- Supplier list
- Unit prices
- Minimum order quantity (MOQ) requirement
- Product sample/tooling cost
- Shipping cost estimation
- Import duty/tax estimation
- Quality control & compliance costs
- Total unit cost
- Total project launch cost
Get 10% Off: Starter Package (link) customers can purchase this and all other add-on services at a reduced rate. We generally recommend that you order this service as a complement to the Starter Package.
How many suppliers do you include?
We contact up to 8 suppliers. Keep in mind that only 50 to 60% of the suppliers normally respond to the RFQ.
Based on what criteria do you source suppliers?
Supplier selection is based on publicly available company information. This includes registered capital, certification, test reports, and product scope. We also apply different criteria depending on the product category and industry.
Note that we can only reflect actual market conditions. We cannot bend reality and source manufacturers that don’t exist or identify suppliers offering below market prices or MOQ requirements.
How does your sourcing process work?
Step 1: Determine supplier type
Once we receive your sourcing request we determine which type of supplier we should target. We also set our selection criteria:
- Product Scope
- ISO 9001: Yes / No / Preferred
- BSCI or Sedex: Yes / No / Preferred
- Test Reports: Yes / No / Preferred
- Registered Capital: Min XXX,XXX
- Location: City, Province, Country
Step 2: Supplier shortlist
We review suppliers on B2B supplier directories to identify 6 to 8 suppliers matching our criteria.
We cannot select suppliers based on the following criteria:
- Product design
Step 3: Supplier List (PDF) Delivered
We normally deliver the Supplier List (PDF) via email within 3 to 5 days.
What kind of information is provided in the Sourcing Report?
- Company name
- Product scope
- Registered capital
- Quality Management System (ISO 9001)
- Social Compliance (BSCI or Sedex)
- Website / Contact Page
Do you guarantee that the suppliers in the report are reliable?
Suppliers cannot be classified as consistently ‘reliable’ or ‘unreliable’. While we filter suppliers based on the selection criteria to find the most qualified companies, the outcome depends entirely on how the process as a whole is managed. There are also other supplier-related risks to be taken into consideration that can never be eliminated by our selection criteria. Here are a few examples:
- Failure to produce a satisfying product sample
- Quality issues during production
- Failure to adhere to initial quotations
- Frauds perpetrated by individual employees (e.g. payment scams)
- Supplier bankruptcy
- IP theft
Our selection is based on an assessment – which cannot reasonably predict every single outcome. Do not assume that the suppliers listed in this report are by default and in every situation ‘reliable’ or ‘quality’ suppliers.
Do you guarantee that the final cost calculation is accurate?
No. We only estimate the cost based on information provided by the suppliers (e.g. unit price, estimated cargo weight/volume), service providers (e.g. freight forwarders), and other resources (e.g. customs websites). This data is never 100% accurate.
That said, we do provide our sources and present our calculation methods. But, the report should not be seen as final but an indication of your total landed cost.
Which taxes do you take into consideration?
We only take import duties into consideration. We don’t include VAT, sales taxes, port taxes, or other fees in the calculation.
Which countries do you cover?
We cover China, Vietnam, India, and Thailand.
What happens after the report is delivered?
Once the report is delivered you must engage directly with the supplier to clarify any remaining questions regarding prices, specifications, MOQs, or other related matters. Note that we don’t manage ongoing communication with the suppliers as part of this service.
Do you protect our brand, designs, or other IP?
You should only share files with us that we can share with the suppliers in order to request their feedback or get price quotations. We don’t act as a guarantor or offer any form of compensation in case a manufacturer – involved in the process or not – uses your brand, product design, or other elements of your product.
You must obtain proper business insurance, register trademarks, and patents (if applicable) to protect your business.
Do you offer any guarantees or warranties?
No, we don’t offer any form of insurance or compensation in case of quality issues, defects, delays or situation resulting in losses. We don’t represent the manufacturers we identify.
Do you offer a money-back guarantee?
No, we don’t offer a money-back guarantee as this is a service, not a product. Notice that we cannot guarantee that the suppliers or prices will match your expectations, as we can only reflect actual market conditions.