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Am I paying too much for my stock???

Discussion in 'China Sourcing' started by Ayrton Seller, Dec 7, 2016.

  1. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Hi, I am buying compression sportswear from China and want to know if I am being charged a competitive rate by my supplier, how can I find out -I'm new to this!! Does anyone here have experience and can offer their opinion?

    Thanks

    AS
    Wholesale Sportswear likes this.
  2. beacon hill

    beacon hill

    Joined:
    Jun 28, 2010
    Messages:
    1,860
    Are they selling well.
    If so are you happy with the selling margins

    As with regards getting better rates, don`t be afraid to ask for higher volume prices
    Ayrton Seller likes this.
  3. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Hi Beacon Hill! Thanks for your reply. They are selling well but with VAT and Import duty I am trying to increase profitability where I can. I don't want to screw my supplier, but also need to feel confident that I am getting a fair price. My spend with them will be in excess of £30k pa. I'm not sure how that stacks up in the grand scheme of things but I'd expect a fairly decent price for that spend.

    Thanks

    AS
  4. Ayrton Seller

    Ayrton Seller

    Joined:
    Aug 22, 2008
    Messages:
    106
    Margin wise I am looking at 18% is that ok?
  5. sukkilee

    sukkilee

    Joined:
    Feb 7, 2017
    Messages:
    5
    did you trying get quotation from few different suppliers ? compare their price?
  6. Frankcheung

    Frankcheung

    Joined:
    Apr 21, 2011
    Messages:
    162
    if they are selling well, i would suggest-

    a) buy as much as you can based on your monthly forecast or quater forecast to save the freight handling fee, etc;
    b) make a good-looking package to increase the add value of your product, but not to much
    c) similar to option a), but you can place a yearly order to your supplier and ask a better product price, but ask them to help to do partial shipment within half years ( after goods are ready).

    looking for others opinion........ :)
    Wholesale Sportswear likes this.
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