18 supplier secrets when do sourcing from alibaba.com for amazon FBA model 2022

 

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

 NOTE: If you are quoted under ExW incoterm so you have to organize all loading and shipping cost of those products.

 

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 31^st 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

 NOTE: If ever Amazon ask you for invoice always give him CI (Commercial Invoice) not PI (Proforma Invoice).

 

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.