How Factory Direct Sourcing Slashed LED Costs by 59%

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Overview

A client buying LEDs believed it was buying from the supplier but was dealing with a middleman. This success story shows how Zignify Global Product Sourcing sourced directly and cut the unit price by 59%.

The Challenge

The client faced high costs and failed negotiations. Every attempt to get better prices or introduce new products was rejected, because they were not talking to the real supplier.

Our Solution

We removed the middleman and sourced directly, contacting 15 potential suppliers. We secured 5 quotes and identified a supplier offering better quality at a lower price.

The Result

  • Cost Reduction: The price dropped from $18 to $7.35 per unit, a 59.17% saving on an order of 500 units.
  • Better Quality: The new supplier delivers improved quality.
  • Direct Relationship: Direct contact with the supplier opened new product lines.

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Let’s Optimize Your Sourcing Strategy Together

If you’re ready to take the next step in optimizing your sourcing and boosting your profitability, we’d love to help. Contact us today for a free consultation to explore how we can work together to create a customized sourcing strategy tailored to your business.

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