Critical sourcing Challenges in the Dietary and Nutraceutical Industry

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Critical sourcing Challenges in the Dietary and
Nutraceutical Industry

• https//www.greenjeeva.com/

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About
The nutraceutical industry has great demands and
challenges for sourcing professionals to thrive
stably. There is no static sourcing strategy
model, the kind of one-size-fits-all solution.
The system lacks agility and adaptation to
changing scenarios in the market. Old sourcing
strategies can bring a hazardous impact on the
innovation and causes substantial value leakage.
Now that we have landed here, let us decode a few
hindrances in Sourcing popularly faced by
professionals.  
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Top 5 Popular Global Sourcing Challenges Faced By
The Sourcing Managers

• 1. Company Verification 
• Company verification includes certifications, and
  some of the primary ones acclaiming the
  credibility of the company are- ISO, Kosher,
  Halal, Organic, GMP, etc. Above all, manual
  visits to factories and warehouses are strongly
  recommended for better company verification.  
• How is company verification a challenging task
  for sourcing managers? 
• Well, getting into the skin of company
  authenticity is a hectic process. Some of the
  common challenges are- 
• Vendors or manufacturers might not provide proper
  certifications like ISO, Kosher, Halal, Organic,
  GMP, etc 
• Misleading online reputation
• Time-consuming process of verification 
• Companys turn over might vary  

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• 2. Product verification is another challenge -
  COA   A certificate of Analysis(COA) is a
  document that confirms the supplier information,
  materials identification, evidence of
  conformance, product specification, and
  composition. It enables the buyers to confirm
  whether the product is adhering to their
  requirements.   
• Why is COA verification big headache for sourcing
  managers? 
• Without COA verified the process chain will not
  move 
• Here are some of the hindrances in COA
  verifications 
• The vendors or manufacturers might not provide a
  proper COA for an ingredient including
  information like physical parameter, heavy metal
  details, microbes, etc. 
• They might provide manipulative COA certificates
  of an ingredient 
• The product might not be tested from ISO
  accredited labs 

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• 3. Lead time and Price consideration Sourcing
  professionals have difficulty shortlisting the
  vendors based on the lead time and price offered.
  Once they are through the document verification
  process, they enquire about the lead time and
  price offered to settle on a vendor.
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• What are the challenges of Leadtime and price
  consideration? 
• The vendors might not agree for price
  negotiation 
• They might not adhere to the quoted lead time 
• They might not have a firm logistic support 

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• 4. Free Sample 
• Sample testing is one of the crucial parts of
  the quality assurance process. Most of the time,
  asking for a free sample from the vendor becomes
  a tough task. Transportation and evaluation of
  samples take a lot of effort and resources. 
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• What are the challenges of sample testing? 
• The company might not provide free samples for
  testing? 
• The company might not provide the actual product
  as samples 
• 5. Negotiation of the Net term of Payment The
  net term is a condition where the full Payment
  remains due and can be paid in installments.
  Mostly, a net-term deal is tough to hatch. It is
  challenging for sourcing professionals to get
  good payment terms from vendors.   

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What are the challenges faced to fetch net term
payment?

• Most vending companies do not allow net term
  payment 
• The net term might not be applicable on the first
  order 
• Most vending companies allow net term payment
  only after business association of years.

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Contact Us
GREEN JEEVA LLC (VEGAS OFFICE) Address 2610 W
Horizon Ridge Pkwy, Suite 201A, Henderson, NV
89052 Email enquiry_at_greenjeeva.com Phone 1
909-947-0550
GREEN JEEVA LLC (Ontario California
Warehouse) Address 2030 S. Hellman Ave.
Ontario, CA. 91761 Email  enquiry_at_greenjeeva.com
Phone [phone]
https//www.greenjeeva.com/
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