Which Is The Best Sourcing Strategy For Textile Manufacturing Companies?

For any textile manufacturing company to operate seamlessly they should first have a good sourcing strategy. If the company fails to have a good sourcing strategy for sourcing their Industrial Yarn or high tenacity yarn they could experience a series of issues all through their production cycle. This will also have serious repercussions at the marketing end as well if the quality of the final product does not meet the industry standards because of the inferior quality raw materials used.

Textile manufacturing companies make use of various sourcing strategies. They test and try different approaches before they finally settle with a strategy that works the best for them and their situation. The most common sourcing approach is to have an in-house sourcing team. Most of the companies in the textile manufacturing industry initially consider that by having an in-house team they will be able to have a better control over the sourcing process and that they would be able to save a considerable amount of money. This would sound to be a very convincing sourcing model but when you actually go by this model you are likely to experience several challenges. The local team will have to work with their counterparts in the other parts of the country because sourcing the required high tenacity polyester yarn locally will not bring the required price advantage. However, dealing with textile supplies companies across the border is not all that easy. In the first place you will not know whether you are dealing with the right supplier in terms of price and quality. At its best you will be able to get multiple quotes and samples from the textile hubs like India. There are so many manufacturers in India and you will not be able to screen all of them.

Other companies try to Buy Polyester Yarn from the sourcing hubs like India with the help of sourcing agents or wholesaler agents. A number of sourcing agents are vetted initially for their reputation and reliability. These wholesalers try to give competitive pricing to the manufacturers and source the raw materials as per the specifications you send. They are responsible for sourcing good quality materials as per your specifications at the most competitive prices.

Yet other companies try to use a hybrid model whereby they have an in-house team which coordinates with a wholesaler agent in the sourcing country. This will help you get the best of both worlds. Here you can have a smaller sourcing team because most of the sourcing tasks are performed by your wholesaler agent. Your in-house team just needs to make sure that your wholesaler is adhering to the specifications and to the delivery timeline. This seems to be a highly effective sourcing model. You will have to initially invest enough time to screen your suppliers and identify the most reputed agencies. Once you lock upon the right wholesalers your entire sourcing processes would be streamlined. You will not have to worry about the day to day sourcing hassles anymore.

Sumit Agrawal is the author of this article on Industrial Yarn.