TJM Group Sourcing was established to meet the demands of our customers.
TJM group has over 20 years of international sourcing experience and it is the expertise developed over this period that our customers wanted to tap into.
The TJM Group sourcing model is easy to understand. We provide immediate access to 'pre-certified' manufacturers that meet your needs. For example, some of our customers require their manufacturing partners to meet some or all of the following:
The cost of this service to you is ZERO
The obvious question is "how can we provide this quality service at zero cost? The answer is that our factories pay us to act on their behalf.
The final 'piece of the puzzle' is that we can provide all the above at no cost to you and your production will most often be at a more competitive price than you are receiving now.
The final outcome for you is better quality, on-time delivery and in many cases, at better prices than you are currently receiving.
We are so confident in our ability to provide this to you that we offer a free 'price check' for you to ensure that your current suppliers are giving you the 'right' price.
The current economic and socio-economic climate raises many interesting points for your consideration:
1. The Chinese Government has been under World pressure to re-value its currency for sometime. Political observers said that it wouldn't happen before the 2008 Olympics and now that it is over they are saying that it won't happen during this time of financial turbulence, but when it finally does happen the cost of your FOB purchases will rise by an anticipated 10%.
This will translate into a higher landed cost for your ex-China goods.
2. Labour shortages and factory closures: Over 1500 factories in the Southern Province of Guangdong moved or just closed down in the first 6 months of 2008. Recent events have driven the cost of labour up to unprecedented levels, forcing factories to close or move West to where they can find fresh sources of labour. How does this impact you? It forces up processes in the remaining factories and forces you to source new factories to ensure continuity of supply to maintain your production.
3. Public Relations and meeting your Company's Environmental and Human goals. Some say that any publicity is good publicity, but how would your stakeholders (shareholders, employees, suppliers and customers) react to an article naming your company and showing your goods being made in a factory that runs two 12 hour shifts per day in a poorly ventilated and poorly lit barn, employing under 10 year old children who are living in medieval conditions and earning only food and board in return for their labour?
Needless to say, this would not add to brand value and would be seen to be below all the moral standards of every Western country in the World. Hardly the basis for a 'positive pay' review.
4. Supplier Credit: Do you receive this from your current suppliers? Our customers do. Of course it is not automatic but better terms can be achieved over time with a partnership/trust relationship. We can help facilitate this.
5. Currency movements: the Australian Dollar has moved in both an upward and downward direction quite markedly in a short period of time in this year alone. There is a limit to hedging. Do your suppliers quote you in US or Australian Dollars? Or another currency of YOUR choice? Ours do. Again, this is relationship based and we can help facilitate this for you.
Evaluating the likelihood of any combinations of the above happening at once is not a science. We aim to help by removing some of these variables from the equation.
The above are however business critical items and should the wrong mix impact at the same time, it WILL definitely be the end of some businesses.
The time to act is when you have the time to act and that time is now.