SERVICES
Optimized & Industry-ready Solutions
Need help from an experienced procurement partner?
Want to streamline your procurement into one, effective strategy?
Place value in hiring industry experts?
Using our procurement and logistics know-how, My Red Compass is capable of supporting & guiding business of all types and sizes from start-ups looking to develop a new product in small volumes to establish businesses looking to expand a product line or outsource procurement.
If you’ve been thinking about starting a business, you may have brainstormed some ideas of your own, like capitalising on one of the many in-demand products already on the market. The natural next question is how to find a manufacturer or supplier for your product idea? Many entrepreneurs find themselves hitting a brick wall when it comes time to actually source products. Whether you plan on manufacturing something of your own or finding suppliers to purchase from wholesale, good products aren’t always easy to find. My Red Compass can walk you through the whole entire process.
Our Sourcing Process Simply Explained
Whether you are looking for simple off-the-shelf products, or complex projects, we have the experience and the network to help you.
1. Send us your detailed requirements
Send us your product requirements, include materials, quantities and target prices, the more information you can provide, the easier it will be for My Red Compass to evaluate your project. Transparency and open communication creates trust and ultimately helps to maximise the potential of your goals.
2. Project Evaluation
My Red Compass will evaluate your project, and if suitable will select suppliers we know or will use the information you provide to find new suppliers that best suit the criteria you have set.
3. Supplier Selection & Samples
Within a short period of time (we advise timescale case-by-case) we are usually able to present a ‘suppliers pack’ that will meet your needs. This can include pricing, photos, and videos. Samples can be arranged for your evaluation.
4. Production
Once samples (and drawings where applicable) have been approved, we are able to arrange production and ensure quality control throughout the manufacturing process.
Product Development
Expanding a new product line?
Need to optimise your manufacturing processes?
Develop your new products and set up your manufacturing processes in China with confidence. With over a decade of experience working with an extensive range of reliable, quality assured and approved factories in China, My Red Compass help our clients deal with the pitfalls and uncertainties of setting up production in China, so they can focus on what they do best to achieve better outcomes.
Whether you’re looking to move your existing manufacturing processes or looking to set up production in China, My Red Compass can help. From new product development to manufacturing and production, we can provide the right support at exactly the right time.
Product Sourcing
Want better wholesale prices from China?
Looking for better suppliers of your existing products?
Looking to build supply chain resilience?
Whether you already source your products from Chinese factories or are just getting started, finding the right supplier will save you time, money and help you to successfully and effectively grow your business.
My Red Compass has years of experience in securing the highest quality products at the best prices for our clients. Our extensive network of trusted suppliers and approved factories means that you can rest assured that sourcing your products with My Red Compass is an effective purchasing solution for your business.
We use a screening formula we have developed over time in addition to standard methods such as confirming product experience, certifications, capacity, supply history, and more before recommending them to you.
Supply Chain Management
Take control and optimise your supply chain. It all starts with your requirements.
My Red Compass can help you optimise your current supply chain processes, save you a considerable amount of time, and reduce overall risk to your business.
Price & Cost Analysis
Are you paying the right amount? Could you get the same or a better product and service at a lower price than you are currently paying?
We look at your existing purchase prices and indirect costs and information associated with your products to ascertain the potential savings we can make you.
NDA & Information Sensitivity
NDA stands for “non-disclosure agreement.” An NDA is a contractual document between two parties where one or both agree to not share certain information provided by the other party.
NDAs allow you to have confidence that information shared between you, My Red Compass, and prospective vendors is protected, and can hopefully lead to a more open and transparent relationship which is ultimately better for business. Please let us know at the beginning if you require an NDA.
My Red Compass understands the importance of sensitivity.
Need help to move your manufacturing? We have the expertise.
My Red Compass has successfully moved existing manufacturing processes to new manufacturers across China (references on request).
We use our screening formula and network of contacts across China to ensure a perfect fit for your business.
Examples from our Tick List:
✔ Certification Check
✔ Geo – Political Climate evaluation
✔ Gauge Financial Stability
✔ Weather Related Risk
✔ Manufacturing & Shipping Alignment
✔ Inventory Information
✔ Scalability
✔ Commitment to Customer Service
✔ Lead Time & Delivery Statistics
✔ Payment Terms
✔ References & Company Checks