Question 1

What if I am impacted by tariffs?

Accepted Answer

Since the founding of GlobalTech, we have had sources outside of China with no tariffs.  We knew eventually the trade wars were coming and made a conscious effort to help our customers develop relationships with suppliers outside of China. We can assist you in dual sourcing your production and move your entire supply chain to a non-tariff country.

Question 2

What process do I use?

Accepted Answer

We have engineers on staff who have patents in their name along with multiple publications.  We can help you choose the best process for the highest quality at the lowest cost.

Question 3

How do I keep my shipping costs down?

Accepted Answer

We consolidate multiple customer’s components into a full container and pass those savings on to you.

Question 4

How do I get year over year cost reductions?

Accepted Answer

Our company policy is not to artificially inflate our pricing in the beginning to offer future discounts.  We give you the best possible pricing from the start.

Question 5

How can I get stable pricing?

Accepted Answer

There will be changes in the cost of raw material and exchange rates.  We do not change pricing unless one of these costs move more than 5% up or down.  This reduces the volatility of your part cost and lowers your risks.

Question 6

What are your payment terms?

Accepted Answer

Because we carry inventory for you (which can be several months’ worth), our terms are Net 30 from the time of shipment to you.

Question 7

Why should I work with GlobalTech vs. going to the supplier directly?

Accepted Answer

We want our customers to build a relationship directly with our suppliers. We encourage our customers to visit the manufacturing facilities and meet the people.  GlobalTech adds value by helping you choose the right process at the right price, with the right supplier, while managing your inventory in our domestic warehouse. This is possible because GlobalTech has the ability to free up your cash flow with JIT delivery, cover spikes in demand, and mediate quality problems. Consider us an extension of your company and not a middleman!

Question 8

How do I pay for tooling?

Accepted Answer

Typically we ask for 50% down and 50% upon sample approval.  However, we can split payments into 3rds or in rare cases amortize the tooling into the first 6 months of components.

Global Sourcing for OEM's in North America

Global Component Technologies, Inc

Solve. Source. Manage.

FREQUENTLY ASKED QUESTIONS

Supply Chain Management

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