Once we have identified some great potential Chinese suppliers, it’s time to get detailed quotes. This is only possible if we give the factory all your product details including samples, engineering CAD drawings, full specifications, and expected order volumes. Without these, suppliers will be reluctant to quote, or they may quote higher prices to cover unforeseen requirements.
However, we will protect you by ensuring that suppliers have signed a legally binding NNN agreement (see here for further info). Once we have this in place, and the supplier has all the information they need, we get a minimum of three quotes from each supplier. This gives us a better idea of pricing range and we compare these to other supplier quotes to help with price matching and in negotiations.
Look out for our next post ‘Step 5 – Signing Final Suppliers’
Make sure you read our previous posts for essential information regarding manufacturing in China.