Cosmo's Simple Sourcing Process
Step 1: Product Planning and Validation
In order to begin, we need to make sure that both the team at Cosmo Sourcing and the potential suppliers knows exactly what the product you want. We work with you to develop a Product Specification sheet with everything detailed so that a manufacturer can use and understand it.
The Validation Report will show the total landed cost of the product. The landed cost is the cost to manufacture the product, plus and start-up cost with manufacturing (i.e. mold or cast that need to be made), plus shipping cost, plus any customs or duty taxes. This report will also provide a detailed timeline, broken down for each step, and detail the manufacturing needed to complete the product. You will also know any potential issue that we find, such as manufacturing challenges, or custom or regulatory issues.
Step 2: Sourcing
Cosmo will talk with you to find out what is most important for a supplier, then use that info to create a custom built rating system. We then use a wide range of resources to create a large list, often over 100 factories, of potential suppliers, then eliminate them until we end up with about 6 final suppliers. These suppliers will be fully vetted and qualified to make your product. We deliver a detailed report, that includes the quotes, factory history, qualification, product details and much more. We even include full contact info of the supplier so you can talk to them personally and review the factory yourself, something that we believe no other sourcing company allows!
Once we deliver the Sourcing report we then work with the factory or factories that YOU choose to arrange for the production and shipping of a sample to you. We can facilitate that payment on your behalf and make sure that everything is typical. When you are happy with the sample and check that it meets your requirements then we move to the next step.
Step 3: Production and Shipping
On-site visit, Inspections, & Negotiations
Cosmo will then send someone to visit the factory and meet with the management, double check the authenticity of the factory and inspect all equipment to make sure that it can be used. We then sit down and negotiate with them to finalize the details of the production of your product.
Production supervision, & management
Cosmo will oversee the production for you and regularly check in with the factory to make sure everything is going as planned. unfortunately, very few projects go off without a hitch, but you can relax because we are prepared to deal with the most common problems and will keep you in the loop.
Shipping & logistics
We work closely with a freight forwarder to handle shipping to the final destination of your choice. IF you are an FBA business we will also work with an Amazon FBA Prep Service to prepare your product for shipment to an Amazon Fulfillment center.
Simple Sourcing is only available for orders less than $250,000 USD. For larger orders please contact us directly for a quote or check out our dynamic sourcing.
It it is typical that you pay for the production of the sample (roughly the same as the per unit cost) and the shipping (usually by air) to you, however you can negotiate to have the cost deducted from your first order.
Payment for Project Planning and Validation is due in full before we begin. For the second step, $699 is due up front before we begin and the remainder paid before your product ships.
For additional service the payment is due in full up front. Please email firstname.lastname@example.org if you have any questions