Optimize Your Ecommerce Supply Chain: Global Sourcing & Cost Reduction

 

 

I find it a little strange that I ended up as the CEO of an ecommerce company. It was not in the master plan.

But looking back, I guess it makes sense.

In high school I was already selling products on Amazon and Ebay.

I really wanted to create my own product, so I invented the first leather watch strap without holes. It worked like a zip tie where you slide the strap through the buckle and it caught on notches in the strap.

I grew that business into a six-figure ecommerce store in the first year.

Then I started looking at all of the ecommerce stores out there and realized that they struggled with their supply chain.

They were grappling with some tough questions:

• How do you bring a product to life effectively?
• How do you streamline your supply chain?
• How do you cut your manufacturing costs?
• How do you manufacture products quickly?

Trying to become the answer to those questions is how Sourcify began.

We help brands and retailers source everything from hats and backpacks to bunk beds and casters.

We also enable businesses to make their supply chains stronger, improve their margins, cut costs, and decrease lead times.

I love bringing products to life and helping businesses digitally transform by increasing visibility in their supply chain, reducing costs, and attracting more customers to their brand.

In doing so, there are common product sourcing mistakes I frequently see businesses make.

Here’s what I’ve learned about avoiding costly mistakes, how to cut costs and how to manage factories effectively.