The majority of companies engaged in product sales must have a procurement process. Indeed, production requires purchasing: raw materials, manufacturing machines, tools, and software. At every stage of production, there are specific needs. This is why understanding the procurement strategy is essential to maximize efficiency. Here is a guide to the five key steps for optimizing the organization of the procurement process.

The current economic environment requires professionals to have the ability to estimate a product’s future sales. This approach, which combines data analysis, sourcing, predictive tools, and commercial strategy, helps maximize performance while minimizing risks. Regardless of your industry, this article will explain why and how to implement reliable forecasting methods to optimize and enhance sales predictability, ultimately improving your strategic vision.

For foreign companies, entering the Chinese market is a real challenge. Business in Asia has a strong cultural dimension, with traditional values and codes that must be considered. **Guanxi** is one of the key pillars for building relationships and developing a professional network in China. However, while its importance is undeniable, applying it in practice can be a real puzzle for newcomers. So how can you establish *guanxi* effectively?

Sustainable sourcing involves integrating social, environmental, and ethical performance factors when selecting suppliers. This approach is driven by increasing consumer demand for optimized logistics. To reduce waste and limit greenhouse gas emissions, companies must streamline their sourcing systems. Here is a comprehensive guide to sustainable management and the responsible practices that stem from it.

The industrial power of the Middle Kingdom continues to grow, accounting for 30% of global manufacturing value-added in 2023. Most products made in China carry the “Made in China” label. However, the “Made in PRC” label often leads consumers to believe the product comes from another country, whereas it is simply the official name of China. In this article, MWT Sourcing provides all the key insights to understand what “Made in PRC” truly means.

Product quality control is a key step in verifying a product’s compliance. It is essential to ensure that customer expectations are met while also maintaining your company’s reputation.

An essential step in the manufacturing process, industrial prototyping ensures the reliability of a part or product. It plays a crucial role in product design and determines large-scale production feasibility. For a company, the industrial prototype is vital for achieving business objectives and meeting customer needs. MWT Sourcing, a specialist in product development, offers a practical guide to understanding this technical expertise and its true value.

Finding a reliable supplier and building a trusting relationship takes time. However, it is possible to minimize potential negative experiences with a bit of method.

You already know that innovation is the foundation of any entrepreneurial success. Aware of this reality, you aspire to invent a product that doesn’t yet exist—at least not for now. The question then arises: how do you go about it, and what is the first step to take?

As soon as your business focuses on international trade, you must optimize your freight operations to remain competitive.