The Global Sources 먹튀검증 process is aimed at providing procurement departments of manufacturers, importers, and trading companies with information regarding reliable verified suppliers for their needs. Global Sources is a reputable sourcing website that specializes in supplier verification and in organizing many large trade shows in Asia. It is also engaged in many print publications that provide a lot of sourcing information. Dealing with it is beneficial to both suppliers and buyers. Once suppliers register with the website, it verifies that they are legitimate. This stamp of approval benefits the suppliers. Buyers, on the other hand, can be satisfied that if it has verified a supplier, they need not worry about that company’s authenticity.
Different Functions Of Global Sources
Global Sources verification involves physical checking to find out whether a supplier is authentic and a legally registered business organization. Global sources also verify whether the listed contact person actually represents the registered company. The representatives make regular visits to the company to ensure that they are export ready and have real offices and products. The information provided by the company regarding its entity is also verified for validity and accuracy. If a supplier does not meet the necessary standards of the community, he is rejected. They also work closely with intellectual-property rights holders to remove any infringing products listed. However, product inspection is not carried out by them.
Different verified suppliers are categorized differently based on Global Sources verification process. One to six star rankings are allotted by Global Sources to the suppliers. Based on supplier verification and these rankings, detailed information regarding various aspects is set forth on their website to enable procurement agencies to be aware of the parameters used and of areas checked in the supplier verification process. By doing so, it becomes easier to choose verified suppliers.
It provides a one-stop sourcing platform for specialized sourcing requirements. Industry-specific categories have been created with pointers to current industry trends and hot new products. They have been in existence for more than 30 years, and Global Sources verification is considered to be reliable by most agencies who have dealt with them.
Drawbacks
They do not verify, however, whether a supplier is capable of meeting bulk quantity requirements within the deadlines set by the clients. Moreover, their supplier verification process does not include checking for quality. It has also been found that sometimes even verified suppliers fail to honor their delivery commitments, are unable to supply the full volume of the order, and lag miserably in quality requirements. Basically, it is all a matter of the star categories because the higher the star category ranking, the more stringent the Global Sources verification process is. For example, supplier capability is not checked for a three-star category and, as such, it is possible that the supplier might not be able to supply the volume that he might claim to be capable of doing.
Cost Factor
For a supplier to get a higher star rating, the global sources verification process is more elaborate and consequently more expensive. The supplier is charged more and this extra cost is passed on to the buyer. However, not all verified suppliers pass on the cost, especially the big businesses, since this amount might be just a negligible fraction of their total sales and they realize that it is worth paying something extra for establishing reliability and credibility of their products. This process of supplier verification has to be repeated every year.
Quality Assurance
Global sources verification does not inspect products for their quality. They advise interested customers to contact Bureau Veritas, which does product inspection and charges the customer for the same.
