New clients often ask how we make money. They are used to working with service providers who get a cut of all transactions.
The answer is very simple: we get paid based on the time we work.
What Makes Sofeast Unique?
Sofeast is more than just a ‘QC agency’, an ‘engineering firm’, or a ‘sourcing agent’.
We offer you support for your entire production project in China, from vetting a supplier through to shipping. We have the processes, the tools, and the competencies for that.
We screen & qualify suppliers for you
Selecting the right supplier is paramount. Our project managers and auditors work with you to find a supplier who is a perfect match for your company based on their processes, quality system, experience, and motivations.
We ensure factories only ship the best quality
We start by defining product specifications and potential issues before production. Once it comes to production quality control, we maintain a separate group that acts as a professional and independent QA/QC entity. This is the best way to flag serious problems, with no other considerations in mind.
We offer real quality assurance
We prepare product specification sheets, we check product quality. Many other companies do this. What makes us more unique is the production process experience of some of our auditors and inspectors. Where needed, we can find issues and suggest fixes, where our competitors would produce a superficial report based on documents and/or a visual check.
We help you develop new products
Our engineers fill any gaps in design, development, and pre-production expertise that your company’s or supplier’s staff may have. We assure that the project is on track by reviewing it at pre-arranged milestones.
We orchestrate your supply chain
Our project managers act for you on the ground in China to manage your projects and suppliers, implementing a long-term cost and risk reduction strategy to suit your needs.
How we get paid
With Sofeast, there are no surprises:
- Flat fee for some services with defined deliverables (e.g. a QC checklist for a relatively simple product is 99 USD; auditing a factory starts at 279 USD)
- Price per hour for project management (34 USD, or lower under a retainer)
- Price per hour for engineering (42 USD, or lower under a retainer)
- Price per man-day of work for inspections (299 USD, with extra expenses if a lot of traveling is involved)
In general, we provide quotations in advance for new clients, except in the case of Quality Assurance solutions clients who are always all provided with them in advance.
For contract manufacturing/packing jobs, we can only give quotations once we know the exact work to be done.
Here is a comparison of your main options, when it comes to having local support:
|Your employees||Sofeast||Traditional ‘agents’|
|Cost is based on amount of time spent working||Cost is based on amount of time spent working||Cost is based on 5-15% of transaction amount|
|Cost is similar whether very busy or not||Cost goes to zero if there is no work||Cost incurred every time products are shipped|
|About 50% of hires are mistakes||Easy to start and try us (no MOQ)||Often push you to sign on for an entire project|
|Relatively fixed cost in the mid term||Contract can be stopped with reasonable notice||WIll always try to remain ‘in the middle of things’|
Ready to develop your own new product? Click here to see a similar comparison between Sofeast’s R&D team and your other options: Hiring in your own R&D team and delegating it all to a factory.
Who we don’t work with
Here are some of the characteristics of companies we can’t help: