How FitGear Cut Costs 36% While Meeting EN71 Standards
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Overview
FitGear sells resistance bands in Europe and needed them to meet EN71 safety standards without paying more. This success story shows how Zignify Global Product Sourcing found a compliant factory and cut the unit cost by 36%.
The Challenge
FitGear’s resistance bands did not meet EN71, which risked fines, recalls and damage to the brand. On top of that they were paying €6.40 per unit with an MOQ of 4,000 pieces.
Our Solution
We identified 10 potential suppliers, pre-screened them for EN71 compliance and shortlisted four factories. We negotiated price and MOQ, specified higher-grade latex, and consolidated the sea freight.
The Result
- Cost Reduction: The unit cost dropped from €6.40 to €4.10, a 36% saving and €23,000 on a 10,000-unit order.
- Compliance: The new factory meets EN71 and REACH standards.
- Lower MOQ: Minimum order quantity fell from 4,000 to 1,500 units.
- Faster Lead Time: Lead times went from 45 days to 28 days, with higher-grade latex.
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