In 5 words or less: Don’t be stupid. Executive Summary: Do your due diligence/audits on potential suppliers BEFORE you send money and make sure you check the quality before the goods ship out of China. Full Article: Would you buy a used car without taking it for a drive, even if the dealer was well…

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Useful for small to mid-sized buyers interested in managing financial risk while using fairly simple payment methods, such as Bank Transfers and even Cash, for purchases generally under 50K USD. The reader may be facing the dilemma of “how to limit financial risk while not compromising the bottom line with excessive bank fees for letters of credit or sophisticated exchange rate risk avoidance tools”.

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The single most important factor in determining the success or failure of your sourcing program will be finding the right supplier. It sounds obvious, but making apples‐to‐apples comparisons of vendors at a national level can be daunting. The following article is a behind the scenes look at a how PassageMaker assists its clients find vendors in China.

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