Top 10 Packaging Manufacturers and Suppliers in China ...

08 Jul.,2024

 

Top 10 Packaging Manufacturers and Suppliers in China ...

Last Updated on January 17, by Packoi Team

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We will also discuss their best features and advantages to help you decide. After all, how will your products look different on the market if not have the right packaging?

What Is Custom Packaging and What Is It Used For?

Custom packaging is a type of packaging that is specifically designed to meet the unique requirements of a product or brand. It is often used to differentiate a product from competitors and to create a more attractive and functional packaging solution. Custom packaging can be used for a wide range of products, including food, beverage, beauty, and personal care products.

Custom packaging is often designed to meet specific requirements, such as the size and shape of the product, the type and quantity of packaging materials needed, and the desired visual appearance of the packaging. The package can also be customized to include special features such as folding and assembly, special inserts, and customized printing.

Custom packaging is used for several reasons, including:

  • Product differentiation: Custom packaging can help a product stand out on the shelves and create a unique identity for the brand.
  • Protecting the product: Custom packaging can be designed to protect the product during transport, storage, and distribution, ensuring that the product arrives in pristine condition.
  • Improved usability: Custom packaging can be designed to make it easier for the consumer to open, use, and dispose of the product, which can improve the consumer experience and increase product satisfaction.
  • Branding: Custom packaging can be used to create a strong brand identity and convey key messages to the consumer.

Overall, custom packaging can be an effective way to differentiate a product from competitors, protect the product, improve usability, and increase brand loyalty. It is a valuable tool for businesses looking to elevate the presentation and functionality of their packaging solution.

Overview of Top 10 Packaging Manufacturers in China

The main purpose of this informative blog post is to help you identify the best bespoke packaging manufacturers. China is one of the best places to find a competitive, budget-friendly packaging company with quality guarantees. We&#;ve compiled an overview of the top 10 packaging companies below.

PositionCompanyLocation Establishment1Guangzhou Packoi Printing Co,. LtdGuangzhouPinghu Yangzhiguang Packaging Products Co., Ltd.JiaxingSisso Printing Co., Ltd.DongguanProfessional Packaging Services Co., Ltd.Hong KongNine Dragons Paper (Holdings) LimitedHong KongAnimate International (H.K.) Ltd.Hong KongQinPrinting (Shanghai QinQin Printing Company Ltd.)ShanghaiBox Packing Solution (Shanghai Custom Packaging Co. Ltd)ShanghaiMax Bright Packaging Ltd.DongguanBrilliant Printing LimitedHong Kong

Top 10 Packaging Manufacturers in China

The year of establishment and headquarters location don&#;t tell everything. So, here we will discuss the strengths and features of the most competitive packaging manufacturers in the packaging industry in China.

1. Guangzhou Packoi Printing Co,. Ltd

Packoi is one of the top competitors in the packaging industry in China. It has the most cutting-edge printing and manufacturing technology that guarantees top-notch results. Whether you require custom-printed shipping boxes wholesale or a huge order of custom boxes, Packoi caters to all packaging types.

The skilled customer care representatives have all the answers you need before ordering a free sample. Being certified, experienced, and highly active in the industry makes it one of the best packaging companies.

Primary Products

Service Features

  • Low Minimum Order Quantity (MOQ)
  • Cost-optimized packaging solutions
  • Reliable customer care and quick turnaround

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2. Pinghu Yangzhiguang Packaging Products Co, Ltd

Pinghu has packaging and printing solutions that are one-of-a-kind. You can get printed corrugated cardboard boxes, shipping boxes, and paper bags, all custom-printed quickly! The company has been racing to get to the top of the industry for over a decade.

The company has catered to domestic and international clients through seasoned and knowledgeable packing engineers. Pinghu has a low error rate and a quick shipping service.

Primary Products

  • Custom-printed paper bags
  • Custom-printed shipping boxes
  • Luxury folding cartons

Service Features

  • Dedicated online chat support
  • Huge production capacity
  • Low error rates

3. Sisso Printing Co,. Ltd

Sisso&#;s professionals have garnered friendly relations with clients all over the globe. The company employs reliable engineers, graphic designers, and manufacturing experts. Moreover, Sisso can handle massive orders with quality guarantees.

The company has excelled in producing personalized packaging goods, from corrugated cardboard boxes to custom-printed paper bags and folding cartons. You can contact the company 24/7 and order a sample.

Primary Products

  • Custom-printed boxes
  • Custom-printed corrugated cardboard boxes
  • Custom-printed shipping bags

Service Features

  • Delay-free shipping
  • Extensive material selection
  • Reduced error rates

4. Professional Packaging Services Co,. Ltd

Despite being new, Propack Services isn&#;t a small company. It&#;s a highly active packaging company aiming for the top spot in China. It&#;s a top competitor to some of the biggest names in the packaging industry.

Professional Packaging Services Co. offers food packaging, shipping boxes, corrugated (double-sided) boxes, and all sorts of custom boxes. In short, the company offers retail packaging solutions for various industries.

Primary Products

  • Custom-printed food packages
  • Custom-printed paper bags
  • Custom-printed cardboard folding cartons

Service Features

  • Instant customer support
  • Dedicated technical assistance and shipping trackers
  • Short MOQ

5. Nine Dragons Paper (Holdings) Limited

Nine Dragons Paper is one of the oldest and probably the most prestigious names in the paper-based packaging industry. It offers environmentally friendly packaging solutions. The company offers a full-service experience to domestic and international clients.

Serving renowned brands in China, Nine Dragons Paper has earned quite a reputation for its certified and ethical printing methods and quality-based manufacturing processes.

The company handpicks reliable, trustworthy, and knowledgeable professionals to further its packaging and printing operations. Despite an extremely low error rate, the company focuses on cost optimization to transfer the cost-saving benefit to its customers.

Primary Products

  • Luxury perfume boxes
  • Custom food boxes
  • Custom-printed cosmetic boxes

Service Features

  • High-quality finishes
  • Full control over customization
  • Ethically-sourced material

6. Animate International (H.K.) Ltd.

Animate International began with personalized packaging products for a few industries. Today, the company offers an inexplicable range of packaging solutions and unmatched professional services in China.

The company went further than others and invested in luxurious packaging. So, if you have a luxury perfume, jewelry, or clothing brand, Animate International should be your choice.

It will provide unique and appealing packaging solutions to make a mark in your niche. On top of that, Animate International has a policy of offering samples to assure customers of their superior quality.

Primary Products

  • Custom shopping bags
  • Custom-printed gift boxes
  • Custom-printed mailer boxes

Service Features

  • No delays or early shipping perks
  • Competitive prices
  • Huge order capacity

7. Shanghai QinQin Printing Company Ltd.

QinPrinting is headed by one of the most experienced and knowledgeable professionals in the packaging and printing industries. The leaders at QinPrinting have spent decades perfecting their packaging design skills and mastering the printing processes.

Although the company started in , the leaders have more than 20 years of experience to offer. From low error rates and speedy shipping processes to cost optimization and a wide selection of packaging products, you&#;ll find QinPrinting as your one-stop shop for packaging solutions.

Primary Products

  • Custom-printed shipping boxes
  • Custom-printed mailer boxes
  • Custom-printed gift boxes

Service Features

  • Low error rates
  • Competitive printing costs
  • Seamless production and shipping guarantees

8. Shanghai Custom Packaging Co,. Ltd

Box Packing Solution has invested more time, money, and effort in the industry than dozens of packaging and printing companies combined. Shanghai Custom Packaging offers luxurious packaging ideas incorporating paper-based products, such as paper bags, cardboard boxes, and folding cartons.

Furthermore, the quality of the finish speaks for itself. Every custom box goes through industry-standard quality assurance checks. What&#;s better? The company can accommodate seasonal spikes in packaging orders, so there&#;s no chance of order delays.

Primary Products

  • Laminated gift boxes
  • Custom printed boxes
  • Luxury paper bags (printed)

Service Features

  • Technical customer support
  • Packaging samples are pre-order
  • Wide range of customization

9. Max Bright Packaging Ltd.

The best part about working with Max Bright Packaging is that you have full customization control over your packaging items. You can request graphic designs, color changes, logo development, other services, and custom box packaging orders.

Max Bright Packaging has established itself on the foundation of customer satisfaction. It relies heavily on state-of-the-art printing facilities and quality production processes to deliver unique packaging solutions. If you have a personalized packaging dream, Max Bright Packaging can turn it into reality.

Primary Products

  • Custom-printed cardboard (double-sided) boxes
  • Custom-printed gift boxes
  • Custom mailer boxes

Service Features

  • Low MOQ
  • Big pre-order samples
  • Transparent cost structure

10. Brilliant Printing Limited

Last but not least, Brilliant Printing Limited brings just as much to the table as top-rated packaging manufacturers like Packoi Co. Operating out of Hong Kong, the company started in with a team of highly skilled packaging designers and experts.

Over the years, the company has adopted certified, sustainable, and modern printing methods and invested in cutting-edge technology to become the best at cost optimization. Brilliant Printing Limited offers an endless selection of personalized packaging items.

Primary Products

  • Custom-printed luxury gift boxes
  • Custom-printed laminated boxes
  • Custom paper bags

Service Features

  • Customer-controlled customization
  • An array of printing specialties
  • Error-free printing

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8 Tips to Choose the Right Packaging Manufacturer for Your Needs

Whether choosing manufacturers for packaging materials or raw material suppliers, you want a partner you can rely on. It&#;s even better if your chosen partner has a long and positive reputation for dealing with customers like you.

Ideally, the right custom packaging product manufacturer would offer all the services and products you need at a price feasible for your operations. However, packaging specifications change over time, and you may require additional services or packaging product features.

Since we have created a list of competitive packaging material manufacturers, we have also compiled a short guide that gives 8 points to help you make an important decision: Choose the one that best suits your needs!

1. Dedicated Customer Support

One of the first things that you want to consider is customer support. A simple &#;we have excellent customer service&#; shouldn&#;t trick you into partnering with the wrong product packaging manufacturer. Review client testimonials on Google, social media, and company-rating platforms.

It should give you a fair idea of how well the company responds to customers. You will also gain secondhand experience after reading the feedback of previous clients. Customer support is a vital pillar of seamless packaging services.

Staying in touch is important, and therefore, customer support matters. Your chosen manufacturer should be accessible through , , social media, and other popular outlets modern businesses use.

2. Intuitive Technical Assistance

Quality assurance is critical when reviewing China&#;s leading custom packaging product manufacturers. However, it relies on reliable technical assistance and speedy customer service. Custom boxes and other customized packaging items aren&#;t created in small numbers; they come in massive quantities.

Even a mistake in your packaging specialist&#;s design, labeling, or manufacturing process could be a disaster for your next product launch or financial statements! Therefore, look for product packaging manufacturers that scrutinize every process step.

The top companies above share the quality of being heavily reliant on quality assurance. The companies utilize every resource efficiently, from testing labs to designing offices, to offer intuitive technical assistance.

3. Overall Cost Optimization

Always view the cost structure and pricing methods of your chosen packaging specialists. When choosing a custom box manufacturer, have a one-on-one discussion with them regarding costs.

You&#;ll need a packaging manufacturer to work well within your budget while delivering quality products. Brands often end up with subpar packaging manufacturers due to cheap rates. On the other hand, some brands get caught up with manufacturers above their budget.

&#;Cost optimization&#; is an umbrella term for a series of cost factors when dealing with packaging material manufacturers. You can create an ideal packaging solution by hiring a company that optimizes design fees, material costs, waste handling costs, and more.

4. Structural and Graphic Design Experience

The company you choose should have a well-versed team of design engineers, graphic design experts, and industrial packaging professionals. Unique colors, logos, and graphics are the soul of custom packaging.

Whether you&#;re going for standard package boxes, custom corrugated boxes, or others, you&#;ll require a team of seasoned and creative design experts to create packaging solutions that represent your brand and fit your products perfectly!

A leading manufacturer, such as Packoi Printing, has a team of seasoned graphic designers, retail packaging experts, and design engineers to keep costs low while delivering on the promise of unique packaging design and custom labels.

It would be best to look for a full-service packaging business that handles all the processes efficiently and presents comprehensive cost reports. The companies listed above are one-stop shops for all your retail packaging product needs.

5. High-Quality Packaging Products

The most important factor is the quality of the packaging. You may require custom-printed corrugated boxes, cardboard boxes, paper bags, folding cartons, shipping boxes, corrugated cardboard, or food packaging. Aiming for a company that offers most of today&#;s packaging products would be best.

These include sustainable, recyclable, reusable, and other retail packaging products. Modern, bespoke packaging suppliers are more environmentally friendly. Hence, they&#;re trying to have the least negative impact on the environment and resources while providing top-of-the-line packaging services.

But even then, sustainable materials and various packaging products aren&#;t enough. The real question is about the quality of the final products. Review your chosen manufacturer&#;s packaging product gallery. For a better analysis, pre-order a sample with specifications to review the final quality.

6. Wide Variety of Materials

Material usage is a big deal in the retail packaging world. China, the world&#;s factory, has reliable sources of raw materials. Whether locally sourced or internationally imported, it has endless packaging materials.

China&#;s best retail packaging manufacturers utilize high-quality raw materials such as timber and harmless (verified) chemicals for corrugated packaging and custom boxes. You can start by reviewing the product categories of a manufacturer and then checking what types of materials go into which packages.

7. Sustainable and Certified Packaging Solutions

You want a partner with lots of experience with paper substrates, packaging structure, eco-friendly Packaging materials, and styling processes. A company focusing on ideal graphics integration and industry-certified printing processes is better than its counterpart.

One of the manufacturers listed above, Packoi, has a team of in-house structural engineers who deal with everything from ideation and conception to design and rendering. Working with professionals well-versed in 3D renderings, animations, artwork, and prototypes makes things easier.

8. Expected Product Capacity to Create Custom Packaging

Lastly, don&#;t forget about the production capacity and whether the chosen packaging manufacturers accommodate scalable orders. A sudden spike in demand might present an opportunity to increase sales dramatically.

Unfortunately, such opportunities can turn into dust if you can&#;t rely on your packaging manufacturer to accommodate last-minute orders. Check to ensure your manufacturer has turnkey capabilities and capacity for massive orders.

Furthermore, learn about shipping services from your chosen packaging company. The leading packaging companies have a fast turnaround time.

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3 Benefits of Choosing a Chinese Box Manufacturer

Is your brand based in the US or Europe? Then why should you opt for a Chinese custom box manufacturer? Well, there are a couple of reasons behind that, and we&#;ve discussed the most important ones below:

1. History of Artwork and Printing

China has been home to printing and different sorts of artwork for centuries. Chinese manufacturers have everything from printing on clothes and furniture to cardboard and corrugated packaging boxes. The country has the longest history of printing on paper!

And since most custom packaging products are made from paper substrates, Chinese factories are somewhat unmatched at providing custom-printed solutions.

2. Source of Raw Materials

A huge proportion of raw material is locally sourced, which means that the costs of acquiring and processing material at the early stages of packaging products are cost-effective. Moreover, China is spread over a large portion of the Asian continent, making it the inheritor of countless natural resources.

3. High-Competitive and Superior Technology

China is home to advanced technology and a large workforce. Thus, there are only a few reasons why China is called the &#;world&#;s factory.&#; Chinese custom box manufacturers produce packaging products using certified processes.

In addition, they use the latest printing technology, paper-based packaging equipment, and trusted methods. With such a lucrative packaging industry in the region, many companies keep emerging.

In turn, that creates a competitive landscape for packaging companies. As a result, both domestic and international customers acquire high-quality packaging products at competitive rates.

Conclusion

We hope this blog post will be instrumental in making the right decision for your product packaging requirements. At Packoi Printing, we offer unmatched custom packaging products. Our products speak of quality and commitment.

If you want a reliable manufacturer to help you make a mark in the market through remarkable and one-of-a-kind packaging, Packoi should be your choice.

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Contact us today and get an estimate for your custom packaging order!

Wholesale Business: 5 Biggest Challenges & Their Solutions

The global wholesale market is likely to reach approximately $64 billion by with the current compound annual growth rate. Countries like the U.S, China, India, and Germany are going off the charts with their retail establishments.

Wholesalers and retailers are engaged in selling products that have been bought from the suppliers. They bring the products manufactured in a particular region or imported from different locales and nations to the open market, easily accessible for consumers to buy.

As you can guess from the nature of the business, there are a lot of challenges or problems that wholesalers or retailers may encounter in the process.

In this article, we will tell you the 5 biggest challenges in the Wholesale Business and measures to solve them.

5 biggest challenges in the Wholesale Business

#1 Inventory Shortage & Overstocking

The two extreme sides of the supply chain cycle, shortage, and overabundance of goods are a horror feared and faced by all the businesses today at some point or the other.  While the shortage of inventory keeps you from fulfilling customer demand, inventory sitting in large quantities in the warehouse also results in loss of all kinds.

In case of overstocking, you have to incur maintenance costs such as security costs, costs of the inventory manager, costs of the space. This will be a recurring cost if the inventory sits in the warehouse for long periods. In case there is a demand for your product but you don&#;t have any to offer to your customers, you risk your customer base.

How do you stop this from happening?

We have a few tips that can prevent you from overstocking goods or going understock. Let us delve into it.

Solutions to Overstocking and Understocking of Inventory

The only way to avoid overstocking or shortage of inventory is by being at the top of your inventory management game. It helps you to maintain an optimal amount of inventory.

Track your Inventory Turnover Ratio (ITR)

The Inventory Turnover Ratio gives you the number of times inventory is sold or consumed in a given period. By keeping a close eye on your ITR, you will know exactly what to restock, when to restock and the goods that you no longer need to fill your warehouse with.

Pro tip: A good ITR is between 4-6. However, it may differ for your business. So the objective is to track and improve this metric over time

Identify Fast, Slow & Obsolete Items

In an inventory-based business, it is easy for you to understand the nature of your products by tracking their movement. You must identify the obsolete goods, fast and slow-moving goods of your company, and track your inventory costs accordingly.

Once you have identified that &#;X&#; number of goods are fast-moving goods because of their high demand, you can always keep stock to fulfill customer demand.

In the case of slow-moving goods, you can either have discount sales for that product, minimize the production, or you can opt for JIT. On the other hand, there is no backup for obsolete goods or dead goods. Once you have identified the set of obsolete goods you must ensure that you don&#;t deal with those products at all or in large quantities.

Optimize Pick, Pack, Ship Process

The Pick, pack & ship, is a basic process of delivering goods successfully. Although it is a common delivery process, doing it right makes all the difference.

You must take control of the pick, pack, and ship process by closely monitoring it. Moreover, since the process can be done both manually and with automation, following the process can be very easy. For eg, if you have to deliver a product not readily available to you for delivery, you can immediately leave a mail for your warehouse manager and let him know which product and quantity you need. Now, to avoid the last-minute runs in the warehouse to find the required product, you can share the exact location of the product lying in the warehouse with your warehouse manager. The product can be further packed and shipped to you. Optimizing your Pick, Pack, Ship streamlines your delivery process.

Pro Tip: Pick Pack Ship becomes a lot easier with an online inventory management software like Deskera.

Know Your Reorder Levels & Minimum Order Quantities

A reorder level is the minimum inventory level for a particular product that triggers the reordering of more inventory. When you are aware of your reorder levels, you don&#;t fall behind on your next set of inventories. You always have products in stock before you get the new set to fulfill customer demands.  

On the other hand, a minimum order quantity (MOQ) is the lowest set amount of stock that a supplier is willing to sell. Products that cost more to manufacture will usually have a lower MOQ than the products that are easy and cheap to produce. MOQs allow suppliers to increase their profits while getting rid of more inventory more quickly.

A good way to do business with MOQ products is, if you have product &#;X&#; that you are selling to retail customers who are buying in less quantity, you sell a pack of &#;X&#; for Rs.15. At the same time, if you want to sell it wholesale you must reduce the amount to Rs.10 with an MOQ of 150 packs. This helps you to attract buyers and get rid of the inventory.

#2 Poor Visibility into Product Profitability

Business owners often lack the knowledge or latest updates on how profitable their products are. It is nothing but a result of a weak inventory tracking system. While companies can make an easy comparison between the cost of goods sold at the beginning of a year and the end of the year, real-time tracking is not a common practice.  

Real-time poor visibility of inventory movement, inventory costs, and inventory costs of goods sold, may leave a blind spot in terms of product profitability. There are factors like hidden inventory costs, inventory storage, the manpower that you assign to move the inventory around, delivering it, and transportation costs.

All of these factors should be taken into consideration when you are looking at the profitability of your product. These factors or these costs are often not visible in the inventory reports. So, what can you do to improve your visibility into product profitability?

Here are a few solutions to overcome this problem of poor visibility into product profitability.

Solutions to Poor Visibility of Profit Margins

Track cost of Goods Sold Accurately

To improve your visibility into product profitability, you must begin by tracking the costs of the goods sold. All you require to track the cost of goods sold (COGS) is a good accounting system. By a good accounting system, we mean a real-time goods tracking system. Within a few taps in the system, you will have your cost of all the goods readily available to you.  Instead of waiting until the end of the week to receive a report on the COGS, you can access it whenever you want during the week.

It is important to remember that the COGS is not just a purchase cost but includes the other additional costs that you have incurred. You must take COGS and additional costs into consideration before deciding which supplier would be the best.

Track Profitability by Product Categories & Brands

As a wholesaler, you have a variety of products to satisfy your customer demands. Despite having an ample amount of products to offer you always want to stock up on more and substitute goods especially to provide to your customer. However, if you are not tracking the profitability of the goods by a particular brand and category of the product, then you might end up stacking unprofitable goods.

By tracking the profitability of the goods category-wise and brands, you will be able to identify what is causing your ITR to go down.

Pro Tip: You can do tracking of profitability by brand, category with Deskera Books easily by using custom fields functions.

Track Hidden Inventory Costs

Your inventory is a useful asset, and if you manage it correctly, you will see your business reach new heights of success. However, it is important to notice the hidden inventory costs that your inventory comes with. The hidden costs can be roadblocks in your journey.

Your hidden inventory costs vary from labor costs, transportation fees, storage fees, delivery fees, and so on. By tracking these costs you can easily monitor your product profitability. But if you miss out on these costs you will never know the accurate product profitability rate.

Using better inventory control methods will help you keep track and keep the costs down.

#3 Mismatch in Customer & Supplier Demands

A mismatch in customer and supplier demands or unevenness of the supply of goods with their need in the market has been a constant issue for many business owners.

In the supply chain process first, you receive an order from the customer, place the order to your supplier, then the supplier confirms the date of delivery to you, and you can deliver the products to your customer further on.

This may seem like a straightforward process, but it has a lot of complexity, which can lead to a mismatch in the process. For example, if there is a customer who requires a set of products immediately and you don&#;t happen to have it, you will ask your supplier for the goods. However, the supplier requires a lead time to deliver it.

This mismatch in customer and supplier demands not only causes a delay in customer service but eventually leads to overstocking or a shortage of goods.

Here are a few solutions to prevent the mismatch in customer and supplier demands.

Solutions to Mismatch in Customer and Supplier Demands

Backorder immediately

A backorder is an order for a product that cannot be filled at the current time due to a lack of available supply. For example, as soon as you reach zero stock and a customer requires a specific product and you don&#;t have enough inventory to cater to their demand, you can backorder the goods immediately.

Track Future Inventory In & Inventory Out

Imagine you have a lot of deliveries to make to your customers and have a large number of orders coming in from your suppliers too. And unfortunately, you lose track of these inventories coming in and going out. As you may have guessed, this causes a mismatch in customer and supplier demands in the end. To avoid this it&#;s necessary to track your inventory in and inventory out.

A good way to track your inventory in and inventory out is by use of the Inventory Management System. It tells you how many orders you are still supposed to receive from your suppliers and the number of orders you have to fulfill. The inventory in and out report will prepare you for the future. It will give you an idea of the mismatch in supply and demand you might face over the next quarter, months, or weeks.

Rank Suppliers on Lead Times, Quality & Cost

In the market, like wholesalers have competition amongst themselves, the suppliers have competition too. This competition between the suppliers can be healthy for you and a little confusing as well.

It is healthy for you because every supplier would want to propose their best deal to you and the best product. While this gives you innumerable options to make your pick, it can be confusing to decide which one to for.

If you end up making the wrong decision a possibility of mismatch in customers and supplier demands will be higher. Eventually costing you a lot and leading to losses. The majority of the wholesalers just look at the cost suppliers are offering to them and make their decisions. However, this can be a step in the very wrong direction. What if you are getting products for cheap but of poor quality?

To help you make the right decision, we have curated the three most important factors that will help you rank your suppliers right.

Lead times: Lead time measures how long it takes to complete a process from beginning to end. It is an important criterion for ranking your supplier.  This is because, if you have a supplier with a good lead time record, then you know that you will rarely have to face any delay in supplies.

Quality: The quality of the product matters the most to you as a wholesaler and even more as a customer. So, it is important to choose a supplier who will only give you quality goods.

Cost: The cost of the goods plays an important role in picking your supplier. It is not just about getting a product for cheap, but more about getting it for a reasonable rate. You want a supplier who does not want to rip your budget off but gives you a good amount of products at a cost that fits your budget.

Know Who Your Preferred Vendors Are

Once you have ranked your suppliers, the next step is to identify your preferred vendors for ordering items.

While you still want to keep a list of vendors handy and order from a pool (something about putting all your eggs in one basket), it is important to keep this handy because you can configure process rules based on reorder levels, minimum order quantities and map them to your preferred supplier list.

With a small amount of automation, you can raise automatic POs to your preferred vendors with the minimum order quantity with auto-approvals to make this process faster and get goods shipped quicker to match any fluctuations in demands.

#4 Profit Margins & Cash Flow

Improving profit margins and cash flow is at the forefront of any business. The challenges faced by wholesale and retail businesses in improving these numbers are:

  • Inventory storage costs
  • Pricing wars/ Bidding wars for new orders
  • Late payment against invoices
  • Expenses around forex transactions

How do we solve for these?

Solutions to Improving Profit and Cash Flow

Explore dropship options for reducing inventory storage costs

One of the main, big costs that wholesale traders deal with is the storage costs. Especially when you have goods lying around for a long time, your storage costs shoot up. But today, what if we tell you that you can do away with it?

Yes, you can completely do away with storage costs by opting for dropshipping.

Dropshipping is a type of retail fulfillment that lets you sell products without managing your inventory. You connect with dropshipping suppliers and source products to deliver to your customers. In this way, you can easily increase your profit margin by saving up on storage costs.

Maintain price lists & use volume-based pricing
Be prepared to enter bidding wars by keeping your price lists handy. Maintain prices lists by volume, by region, by types of customers and know how low you can go while turning a profit.

You can use volume pricing when you want to incentivize the sale of higher quantities of individual products. Just make sure your sales department gets the right price based on the quantity entered.

Make it easy to get paid with online options

Online payment options have taken the market by storm. Everyone is going cashless today. Especially in the wholesale sector or retail trading, you are dealing with bulk and bulk of goods and multiple suppliers. To always rely on cash can be a very slow movement.

Online payment options make the process quick and more authenticated. Your money reaches directly in your bank. If you have to make any payments you don&#;t have to wait for an associate to collect them from you.

You can use multiple payment gateways like Stripe, Paypal, Veem and many others to give more payment options and reduce the time to get paid. This can improve your time to get paid by as much as 5 times.

Control forex gain/loss and transaction fees

A foreign exchange gain/loss may occur when a company purchases and/or sells goods and services in a foreign currency. When that currency value fluctuates as compared to their currency at home, it will create differences in the value in the monetary assets and liabilities.

Track your forex gain/loss and map it to vendors/customers. If you are encountering significant losses while transacting with suppliers or customers from a particular country, then you can explore entering into fixed exchange rate contracts instead of letting the market decide your fate.

Another factor is the admin or transaction fees for forex transfers.

You have to pay transaction fees if you are using a service to pay someone overseas. These transaction fees are as high as it gets and a waste of your money.

To minimize the transaction fees, you can opt for online money transfer options like TransferWise that charge you minimum transaction fees on each payment made.

#5 Slow Growth

Every industry, every business today wants faster growth. However, wholesale and retail traders see an annual growth rate of an average of 5%. If you compare 5% with other sectors, while the percentage is not bad, there is a big room for improvement.

One of the major challenges or driving factors of this slow growth in the wholesale and retail trading business is the expansion of business and relationships.

What should you do to improve your growth?

We have a few solutions for you to overcome this major problem faced by wholesale and retail traders.

Solutions to Achieve Faster Growth

Expand internationally

Start by reaching out to more customers. You cannot keep your contacts limited to a few customers, and expand your business. If you are recycling the same contacts that were collated many years back then no wonder you are on a slow track of growth. You must build contacts locally as well as internationally. If you want growth in your business you must build new, strong contacts.

Get a website, online store, and a simple blog

In the world of social identity and brand identity, you cannot keep your brand identity limited to your office or products. You must explore new platforms where you can connect with other people. Create spaces within your website for customers to openly discuss your products. This not only helps you promote yourself but builds closer connections with your customers.

The pandemic taught us the value of online visibility, when you don&#;t have a physical space, you can make all the difference virtually. Especially blogs, they can do wonders. They help you rule Google and get customer engagement instantly.

Head over to our article on 75 ideas for marketing to know more.

Run campaigns

One of the great options to market your products, your brand, is via marketing campaigns.  We have a curated the best campaign articles for your benefit below. Please have a look.

You can use Deskera CRM to create and send marketing campaigns in minutes.

Use Social Media (with the right hashtags)

Social media marketing is another something that we have seen take over the market in the past few years. The sole reason for this is social media participation by your customers.

Having a page on a social media page reflects that you aim to connect to your customers, and you want to build a relationship with them. More people are learning about you by the day.

Social media growth might not be instant but it blows up your brand visibility. As a wholesaler, you need that attention from your customers to expand and grow as a business.

How Deskera Can Help

One of the key solutions to most wholesale business problems is to track your inventory. With Deskera you have the tracking process easy. Let us find out how.

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Detailed Inventory Reporting & Forecasting

You have reports on Deskera which gives you reports on stock availability by warehouse, stock ledger, stock aging report, and many more. A stock swing report is the most important one amongst them. This is because it gives you an accurate report on slow-moving and fast-moving goods in a given period. It further shows the new inventory that you have ordered. By checking the stock aging report you sometimes realize that you ordered extra inventory while you already had some lying in your warehouse. With the help of reports keeps a close eye on your inventory hustle-free.

Under stock ledger reports you will find the inventory that is going in and out with all the billing data, contact of the person you are buying inventory from, and more.

You also have sales return reports that show how many people or who are returning your products. At the same time, you have purchase return reports which reflect any purchases that you may have to return.

Another useful section in Deskera is Products. You can see the list of your products, their category, whether it&#;s available or not. Under the Buy section, you can check your purchase records or bills.

Deskera also allows you to check your profit & loss reports, where you can find the cost of goods sold, expenses, income, so on. You can filter this section as per your requirement and see exactly what you need.

Easy pick-pack-ship

You no longer need to spend money on any separate devices to scan the products or notify your pick-pack-ship team about the work you have for them. All you need is your . You can easily scan any barcodes, get the status on your pick-pack-ship. Notify your pick-pack-ship team of their tasks via your within a few taps.

Built-in Dropship & Backorder Support

You can create Dropship orders within Deskera. All you need to do is, choose your vendor from the available list, pick the product you need and quantity. Likewise, we have Backorder which is useful when you have hit your stock threshold or hit zero stock.

Complete CRM to Run and Manage Marketing & Sales

You can run marketing campaigns and manage all your contacts with Deskera CRM.

  • Run marketing campaigns for lead generation, nurturing or engaging your customers and prospects
  • Configure rules to create dynamic segments from your contact lists and personalize your marketing outreach
  • Automate marketing, lead generation, sales, and after-sales operations

Find out more about Deskera CRM.

Build Website and eCommerce Store in Minutes

Go online in minutes with no code websites and eCommerce store. You can also connect your existing eCommerce stores, be it WooCommerce, Shopify or Amazon to Deskera to streamline your entire business.

There are many other features which a wholesale business would find extremely useful for them in Deskera (in addition to the ones listed above).


Get a fully featured free trial today to get the Deskera advantage for your business.