Are you searching for a good purchasing agent for your business? If so, you should know that many of the agents may not be qualified. You need to keep in mind that purchasing agents play a significant role as far as international trade is concerned. They act as a bridge between sellers and buyers. If you want to select a proper sourcing or purchasing agent, follow the tips below to make the tips the best choice.
Any agent you hire should have good command of the language spoken in the target country. This includes both spoken and written English and several other languages. You well know that language plays a significant role in communication between business owners in all countries. Therefore, make sure you hire an agent who has a good command over the desired language. If the agent is not so good in the language that is spoken in the target country, how can they talk to the sellers? There won’t be proper communication which will increase their chance of getting ripped off.
Any agent you hire should know how to behave and protect the interests of foreign buyers in the target country. Aside from this, they should be true to their words and be plain to you on whatever is going on. They must have a high standard of morality. Stay away from an agent who asks for commission from both seller and the buyer. A good purchasing agent will never ask for such.
Knowledge of Import and Export
A good sourcing agent should have good relationship with local authorities of the target country. They should be familiar with the policies of that country regarding import and export. Moreover, they should be familiar with the regulations related to import and export, which is very important to avoid lawsuits.
Your purchasing agent should know how to source or buy different items quickly without wasting time. They should know the best markets where your desired products can be purchased. Aside from this, they should know how they could get the best prices. And if you get a product at the lowest price, you can make the highest profit.
Familiarity with the product or industry
The agent should be familiar with the product or service you are interested in. For example, if you want to buy ductile iron castings, you should look for an agent who is familiar with these products. This field has certain terms, and they should be familiar with these terms so as to get the better product.
Knowledge of the international laws
Any agent you hire must be familiar with international laws and other practices, such as quota issues, anti-dumping issues, tax issues and certification issues, to name a few.
In conclusion, if you are interested in hiring the services of a purchasing agent, we suggest that you follow the tips given in this article.