How FitGear Cut Costs 36% While Meeting EN71 Standards
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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