No Such Thing as a Stupid Question about Silver? (Part 5)

To Our Readers,

Thanks for being such loyal and diligent readers of this blog. Over 15,000 of you left comments — some were even positive – and the experts say about 15,000 have read the posts. WOW!

We are simply trying to describe the life of a global silver jewelry buyer without putting you to sleep – trying to make the process, the characters and the countries interesting.

However, some of you, (Robert, Symantha, Yaun and a handful of others), have asked Jan Brassem, (the author),  for more detail. So, with the risk of putting you to sleep, or worse, loosing you as readers, we have decided that the next two or three blog posts will go into the details of negotiating with foreign manufactures for the best price, terms, delivery and quality.

We’ll make this first post a little shorter. The rest will be normal length. We hope you find this entire negotiating process interesting.

We would love to know what you think.

Brassem Global Consulting.

 

 

I arrived in the Peninsula’s dining room at around 7:15 Monday morning. I was ready to do some business.

The Brad Pitt look-alike, Ricardo Mummitti, the somewhat challenged Assistant Sourcing Manager from my office in NYC, arrived a few minutes later.

He sensed my annoyance. “Sorry to be late. I still haven’t adjusted to the time difference. My wife called me at 2AM. Tough getting back to sleep.” I nodded.

“No problem,” I said. “That happens when your wife doesn’t know the time difference.”

“Did you see the sights on Sunday?” I asked.

“I walked the streets Saturday night – couldn’t sleep. Bought lots of junk – er, souvenirs — at the all-night flea markets.”  He reported. “Couldn’t stay awake Sunday afternoon. My body clock is all screwed up – just like you warned me on the plane.”

After a big buffet breakfast, (we wouldn’t have much time for lunch – and the food is very expensive at the Exhibition Center), I told Brad what I wanted to accomplish at the fair.

“Susan, (Brad’s boss in the US), made our first appointment with one of the best silver jewelry manufacturers in the world; Pointers Manufacturing. They have a sales office in Hong Kong and a big plant in China. Probably 2,000 to 3,000 workers.”

“How did she make the appointment,” Brad asked. (I told you, dear reader, that Brad is somewhat challenged.)

“She emailed our contact at Pointers for the appointment. Mr. N’gai also happens to be the owner,” I replied. I was trying to be patient with Brad. Patience, as you may have noticed, is not my strong suit. (The picture on the right is Mr. N’gai.)

Before we start looking at Pointers’ silver jewelry line, I told Brad, we will discuss – in detail — next years’ merchandising and growth plans with Mr. N’gai and his GM Bonnie Lee.

Since their merchandise appeals to our customer base, our two companies have become very close. We trust them and they trust us.

Pointers comes out with about two hundred new styles four times a year, so there should be plenty of samples to select. Since Susan thinks the ‘big-n-bold’ look will be “in” this year, we will look for that kind of styling.

I asked Brad to help in the selection process as long as the styles, after our required mark-up, meet our customers’ expected price-point.

I would mention to Mr. N’gai, confidentially of course, that we will be opening several new stores next year. Since we will probably be placing a bigger order than normal, I will carefully ask him if he could extend our payment terms for thirty extra days. He will quickly agree.

We left the hotel and walked to the Star Ferry that will take us to the Exhibition Center. We are entering the world of global sourcing on a grand scale.

See you on the Star Ferry in Hong Kong’s famous Victoria Harbour. As you can see from the picture, (on the right), we’re already on board waiting for you.

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203 Responses to “No Such Thing as a Stupid Question about Silver? (Part 5)”

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