Product sourcing is the process of acquiring stocks that you want to sell, be it from a supplier, a wholesaler, direct from the manufacturer, or an online company; followed by reselling them. Despite looking simple, this process entails many important steps and requires strategies that would determine the success of your e-commerce business.
MODULE 2: Product Planning and Preparation
TOPIC: EC 201 - Product sourcing strategy
LANGUAGE: English
**This is a blended learning class, which is a combination of offline and online sessions, where participants get to interact with the speakers and to view the presented materials through both a physical venue and an online platform - Facebook Live on Sidec Facebook Page.
**Join Sidec EC Group Info Whatsapp Group and get notified about Sidec E-Commerce Programme. Click the link below to join: Whatsapp Link
-------------------------------------------------------------------------------------------------------------------
About this class
Product sourcing usually begins with a few usual questions: Who should I source the products from for my e-Commerce business? How do I judge their credibility? How do I ensure a healthy relationship with my supplier? We are here to shed some light on these common questions to help you get started.
The ultimate goal of product sourcing is to find the best products that suit your e-commerce business goal from good suppliers at a reasonable price to allow a satisfactory level of profit margin. When done right, your business would have a competitive start compared to the rest of your competitors.
In this course, we dive into product sourcing and multiple strategies to ensure you play your cards well, grabbing the key to e-commerce success. Let our 3 experts guide you through real-life scenarios and how to make the best choice for your business!
Key Takeaways
E-commerce product sourcing and why is it important
Product idea research and competitive analysis
Types of suppliers and where to find them
Supplier criteria and price analysis
Tips to successful supplier negotiation
Long term supplier evaluation and relationship building
**This is a blended learning class, which is a combination of offline and online sessions, where participants get to interact with the speakers and to view the presented materials through both a physical venue and an online platform - Facebook Live on Sidec Facebook Page.
-------------------------------------------------------------------------------------------------------------------
Agenda
14:00 Introduction to Sidec
14:05 Coach Speaker - Mr KK from KK Smart Commerce
15:05 Guest Speaker - Ms Ho Jee Eng from Hong Kong Trade Development Council
**This class will be conducted in English.
-------------------------------------------------------------------------------------------------------------------
Who should watch?
Online sellers, e-commerce service providers, SME business, retailers, chain stores, entrepreneurs, university graduates and anyone interested in the marketplaces.
-------------------------------------------------------------------------------------------------------------------
Enquiry
Website: https://www.sidec.com.my/eceducation/
Email: [email protected]
Tel: 6011 - 1089 5185
*This program is an initiative by Selangor State Government and Sidec