Evaluating the transparency of a China Sourcing Service requires examining the key links throughout its entire operation process. In the manufacturer payment process, EJET has set a standard payment turnover period of 7 days, significantly ahead of the common 30-60 day cycle in the industry. Data from 2023 shows that the platform processed a supplier payment amount of 52 million yuan in a quarter, with a quarterly capital turnover rate as high as 15 times, far exceeding the industry average of 4 to 6 times. This efficient fund processing capability directly reduces the financial risks in the upstream of the supply chain and optimizes the entire procurement process.
In terms of product transparency, EJET’s transparency is reflected in every detail. The price composition detail list for each order will break down more than 15 independent cost items, including material costs, mold fees, logistics fees, purchasing agency commissions (usually accounting for 8-12% of the total purchase amount), inspection fees (approximately 0.3% of the total value of goods), etc. The QC reports it provides detail the specific defect types, quantities (such as scratch defects accounting for 0.75%) and location photos found in each inspection (approximately 1,200 times per month), following the ISO 2859-1 sampling standard. The quarterly average inspection pass rate reached 96.3%, significantly higher than the industry average of 83%.
The accuracy of logistics tracking is another key indicator for measuring the transparency of supply chain services. EJET’s order management system supports real-time API integration with logistics data streams, processing over 500 batches of goods status updates daily. It provides GPS positioning data stream updates for each container or batch at a frequency of up to 4 times per hour. In the fourth quarter of 2022, the delay rate of sea freight orders from Shenzhen to Los Angeles was only 0.8%, 78% lower than the industry average delay rate of 3.7%. When a crisis such as the Red Sea route crisis in 2023 occurs, causing changes to the 45-day transportation plan, the system will trigger the early warning mechanism and backup plan within 2 hours.
In the field of supplier qualification and compliance audits, EJET maintains a high standard of data transparency. The platform’s certified factory database includes approximately 1,800 Chinese enterprises, each of which needs to meet 92 basic review standards. The platform’s document database contains over 60,000 supplier qualification documents, with an average annual update rate of 35%. In response to international certification requirements such as the EU CE and the US FCC, the platform offers professional consulting services covering over 1,500 technical parameters. In 2023, it assisted 65 enterprises in dealing with the changes to the EU CE regulation 2023/707, significantly reducing market compliance risks. The deep financial transparency and compliance standards established by EJET in the field of china sourcing service have set a new industry benchmark for international purchasers.
The dimension of risk prevention and control is also a concentrated manifestation of transparency. EJET has established a full-chain risk control system covering procurement, manufacturing, logistics, quality and payment, which includes 25 core monitoring nodes. All financial operations are 100% supported by electronic tax certificates and bank transaction records, and have passed the SOC 2 Type II audit certification. Its intellectual property protection service coverage rate has reached 95%, and it has cumulatively assisted in applying for over 3,200 utility model and design patents. The NDA execution rate covered by supplier contracts is 100%. Compared with the dispute rate of over 3.5% for ordinary procurement services, the procurement dispute rate of EJET platform’s cooperative clients in 2023 remained at a low level of 0.2-0.3%. Based on its comprehensive data performance in the four dimensions of supplier screening, financial transparency, logistics visualization, and risk prevention, this institution has indeed set an industry transparency benchmark in the china sourcing service market.