New product sourcing

Sourcing a product for the first time, without a reference to compare against.

When a product is new to you, you have no incumbent supplier, no purchase history and possibly no firm sense of what a sensible specification looks like. The question is what the supplier landscape for this product looks like in public sources, and which candidates fit the brief you can write today. You receive a shortlist, a comparison matrix and a source log, with the gaps in the brief reported back to you.

No incumbentBrief firstKinds of supplierOpen questions
The decision question

What kind of supplier makes this, and who among them fits my brief?

With no history, the first output is not a ranking but a map: which kinds of firms supply this product (makers, assemblers, trading companies, stockists) and what each kind states about itself. Candidates are then screened against the criteria you can give today. Where a criterion is missing, such as target quality level or finish, the search records the question rather than silently choosing for you.

Because there is nothing to compare against, the output is a screened shortlist and not a market benchmark. Pricing research is a separate piece of work.

Where a first-time brief may have holes

Where a first-time brief may have holes

The product is described by its use, not its specification

A buyer may know the item is a stackable storage crate but not the material grade or load rating. The search groups candidates by the specifications they publish and lists which attributes you would need to fix before approaching anyone.

The order size is a guess

Minimum order terms stated by suppliers are collected as stated, so you can see whether your volume sits inside or outside what each candidate says it accepts.

Quality expectations are unwritten

The matrix carries a column for stated standards and certificates, each with the issuer to ask. What your market requires is for you or an adviser to establish; this research does not state it.

Three first-time buyers

Three first-time buyers

An online seller testing a new category

Wants to know whether the product is made by many firms or a few, and whether the listed sellers are makers or resellers. The report separates the two on what each states.

A hotel group needing a custom amenity item

Specification is partly aesthetic. The search looks for suppliers that publish customisation terms and notes what could not be established from public material.

A workshop buying a consumable once made in-house

There is a part number but no purchasing history. The part number becomes the screening key, and the matrix shows which candidates mention an equivalent.

Step by step

What happens with an incomplete brief

01

Write what you know

A short description and a target market are enough to start; the first pass lists what is missing.

02

Fix the must-haves

You choose which missing points are firm requirements and which stay open.

03

Screen and compare

Candidates are tested on the firm points; open points become questions in the report.

04

Receive the open-points list

Each unanswered attribute becomes a question for the shortlisted suppliers directly.

The service

Supplier Search

Who it is for
Importers, retailers and manufacturers who need suppliers for a product they have not sourced before or want to replace
The problem it solves
Finding credible suppliers takes weeks of scattered searching and the result is a long list nobody has compared on the same criteria
What we need from you
  • product description or specification
  • target market and order size
  • must-have criteria (certifications, location, minimum order)
  • countries to include or exclude
  • what is already known
How it works
  • brief and criteria agreed
  • public-source search and screening
  • comparison on the agreed criteria
  • shortlist with sources delivered
What you receive
A supplier shortlist with a comparison matrix and a source log: each candidate profile cites where each statement comes from, and marks what is verified, inferred or unavailable
Included
  • longlist and shortlist from public and provided sources
  • profile of each shortlisted supplier with sources
  • comparison matrix on the agreed criteria
  • list of what could not be established
  • method and limitations note
Not included
  • freight, shipping or customs services
  • negotiating with or paying a supplier
  • guaranteeing a supplier's quality or future conduct
  • on-site visits or factory audits
  • samples handling
Timing
Confirmed when your request is accepted.
What LATYNEX does
  • agree the brief
  • search and screen public sources
  • compare on the criteria
  • write up with sources
Price
Confirmed when your request is accepted.
Good to know

What this is, and isn't

Research reports what can be established from public and provided sources. It is not a guarantee about a counterparty's future conduct and not legal advice.

FAQ

Frequently asked questions

Do I need a full specification to start?+

No. A description and the target market are enough to begin. The report states which missing attributes limited the screening.

Will you tell me what the product should cost?+

No. Cost and price are not part of this search; a pricing benchmark is a separate research service.

Does the shortlist cover the whole supplier landscape?+

No. It lists candidates that match your criteria in the sources we reviewed, and the note states the limits of those sources.

Request

Tell us what you need.

No obligation. We read your request and reply with a straight answer.

Research

Know the counterparty before you commit.

Tell us what you need to find out and by when. We confirm scope before any work starts.

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