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18 supplier secrets when do sourcing from alibaba.com for amazon FBA model 2022
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Sourcing Secrets of Suppliers |
18 Supplier Secrets
Here are 18 Sooper Supplier Secrets keep in mind while doing sourcing from Alibab.com for Amazon FBA Model in 2022
1.
Gold Suppliers
· Paid
Accounts with Alibaba
· Don’t
have special verification
· Gold
suppliers have 2 benefits:
a) Onsite
checks : which will enhance their customer trust and get more orders
b) Trade
Assurance Support
2.
Verified Supplier
· Verified
suppliers are 1 step ahead than Gold suppliers
· They
do not occur together
· You
can check on-site reports for Verified supplier
MOQ: Minimum Order Quantity
4.
OEM: Original Equipment Manufacturer
· OEM
is a company that produces products to sale
· It
sales to buyers
· Then
buyers sales to end consumers under
their own brand name
PO: Purchase Order
· Product
quantity
· Cost
per unit
· Overall
cost
· Shipping
charges
· Payment
terms
· All
details you will see on Alibaba.com orders option
6.
EXW: Ex Works
· It
is an incoterm (International Commercial Terms)
· Suppliers
quote you on different ways based on incoterms
EXW Quotes includes:
· All
manufacturing
· Product
Prep
· Ready
for pick up
· No
shipping
· No
loading
7.
DDP: Delivered Duty Paid
DDP Quote includes:
· All
manufacturing
· Product
Prep
· Shipping
· Duties
& Fees
· All
Logistics
They are responsible for
everything from A to Z.
8.
CNY : Chinese New Year
· Chinese
New Year Eve 2022
· January
31st to February 15
· Do
not place an order during CNY
· Do not place an order after CNY
· No
manufacturing during this period
· Because
of 2 weeks gap sellers bombard suppliers
· Create
panic
· Place
order before CNY
9.
RFQ : Request For Quotation
· When
you not find required product on Alibaba.com
· Use
RFQ
· It
is an invitation to suppliers
10. Proforma
and Commercial Invoices
· Always
ask supplier for CI
· You
can generate CI online
· Amazon
only accept CI
· Don’t
waste time with PI
· PI,
CI
11.Trade Assurance
· Here
Amazon act as mid party
· Protect
both parties
· Release
payments to suppliers only when seller get its order
12. Wire
Transfer
· This
is payment method
· Simple
and easy to use
· Transferring
funds
13. FNSKU:
Fulfillment Network Stock Keeping Unit
· Things
you need to send your suppliers while manufacturing of goods are underway
· This
is a label
· You
can download from Amazon
· You
can download from Listing
· Send
to supplier
· Supplier
will affix that label to each unit
14. Cartons
& Cases
· When
manufacturing is complete
· Supplier
will pack your shipment
· Amazon
prefers single carton
15. BOL:
Bill Of Lading
· Sometime
inventory passed through cargo carrier
· Whoever
handling shipping you or supplier
· Will
receive BOL
· It
is a contract
· That
we got your goods and will ship to said location
· Way bill or Airway bill
· If you shipping by air then it is important
16. FCL,
LCL
· FCL
: Full Container Load
· LCL
: Less Than Container Load
17. FTL,
LTL
·
FTL: Full Truck Load
·
LTL: Less-than Truck Load
18. 3PL:
Third Party Logistic
· Transportation
· Picking,
packing
· Warehousing
· Order
fulfillment
All
is manage by third party. And you are free to see other tasks like sales,
marketing etc.
