FTC ensure the factory or supplier can produce and deliver the product in a timely manner. Knowledge of multiple languages including any local language, as well as local business customs and norms is essential. Hence, a sourcing company should have good business skills and the ability to manage multiple projects at one time. Both sides (suppliers and buyers) are happy to work with our services because at FTC, we pride ourselves on creating such relationships.

A good sourcing company assesses the needs of the client and finds factories and suppliers that can best meet their needs, ultimately resulting in a purchase order.

Companies and individuals want a sourcing company or agent to locate a company they can work with overseas. FTC and other reputable companies can also inspect a company in person and confirm that they can meet a company’s needs on their behalf.
In addition, Sourcing companies should be able to address ethical concerns as well, including working conditions and pollution.
FTC will deliver a detailed report including photos and copies of necessary licenses and certificates. FTC is committed to ensuring that our factories have decent working conditions and adhere to any environmental standard that the client request and we operate on the belief of a fully transparent supply chain.
Traditionally with sourcing companies, pay is on a commission basis–an average of 3-5% of the purchase order. At FTC, we offer a flat rate pricing plan for most items. While it’s a common practice for sourcing companies to hide their supplier’s contact information, FTC offers transparency and the ability to pay the factory directly. This creates open communication, and because our fees are billed separately. By billing separately, you know the exact amount that is going to your supplier, and you can know that you are getting the best possible price.
Sourcing companies should be able to deal with issues including import/export duties, taxes, tariffs as well as any local and international norms.

A sourcing company should be able to move goods quicker, cheaper and with less risk through the entire international supply chain. This is also important in countries with large bureaucracies so that they can reduce the red tape and avoid any troubles in countries with rampant corruption.
Ultimately a sourcing company should save a company more money by using them than they receive.
FTC generally believes that we should deliver at a minimum 5 times our value. So, if you are paying us $1,000, we should be expected to save you at least $5,000 on a total project cost. A good sourcing strategy should seek advice and quotes from multiple companies in order to find the one that can serve you the best.

The Saving Factor

Using product sourcing companies has the potential to save you costs and management time, and time is money. We can source your products where they get the best price and pass the cost savings, up to 50% directly to you. Sometimes, we also do new product research for you and deliver you samples for approval and competitive pricing reports.

Conclusion

We provide easy, peace of mind, reliable and safe solutions to clients with our unique mode of operations. All logistical orders are handled from our local offices and ports to ensure secure, safe and peace of mind while your goods are shipped direct from our partner manufacturers and factories directly to you.