The apparel and fashion industry is one of the most growing industries in the world. Be it kid’s, men, or women apparels, uniforms and unisex apparels, fashion and apparel segment rules the industry. Apart from being fashionable and glamorous this industry requires all types of online and offline skills to keep going and to stay on top.
Nowadays, presence on the B2B marketplace helps the fashion and wholesale clothing to reach different segments of society irrespective of the geographical limitations and bridge a gap between clothing manufacturers and a potential buyer.
In order to have a smooth sailing through a B2B channel, here are some security tips that every buyer should keep in mind while conducting a trade with a supplier:
Identification check of the Supplier And Company:
The best way to check the authenticity and to reduce the risk of fraud while trading online is to conduct proper due-diligence before entering into any transaction. Although B2B marketplace is an easy medium to get connected with the relevant suppliers, lack of in person meetings to carry out business makes it necessary to conduct proper research before setting up any trading relations with the supplier.
Here are some steps to reduce the risk of supplier’s fraud:
A complete company profile consists of information which can be both verified and unverified. Here are few must follow steps to know the authenticity of a supplier:
Company Name along with city and province
Business type: If its manufacturer it means that the supplier is only selling products it manufactures. Manufactures are equipped and trained in specific production lines because of which they are highly specialized in their specific product line.
Trading Companies: There are some trading companies, which are independent while others own, or are owned by a manufacturing company. Although everybody tries to avoid the middleman, there are many companies in world which export their produce using Trading companies. Here is where trading companies play an important role. There can be some companies which offer no added value and dealing with those suppliers will only raise your costs.
Checking the quality of the product
It is said that a good manufacturer is not the one who is completely free of quality issues but the one who is constantly monitoring the quality during productions. Make sure that the supplier guarantees you to get back to you on time if the clothing purchase turns out to be defective and should have a proper system in place for how to manage the quality issues of clothing material. According to ISO compliance a product requires more than having a quick check before they are packed and shipped. Every supplier is required to inspect the raw materials and components before production, set up inspections during production and does a final supervision after production.
Apparel and clothing samples are very important and are meant to be developed, tested before starting the bulk production. Sampling is one of the main processes in apparel and fashion industry and plays a vital role when doing business online. As buyer place the final orders only after verifying the quality of samples.
The sample decides the ability and perfection of an exporter on how he carries out the business. It helps the buyer to judge the exporter and the organisation he belongs. If the samples are of good quality and at a reasonable price, it will naturally attract the buyers to place the order.
Doing business on a B2B portal can be a relatively new frontier but if not negotiated strategically can result in added costs and extra work hours for both a manufacturer as well as a buyer.