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What qualities should you consider when choosing a supplier?
What are the characteristics of a supplier?
What makes a good supplier?
Why should you choose a quality supplier?
- Offers Good Value. Often, we see companies start their search by looking for the lowest-cost producers they can find. Of course, you don’t want to overpay, but it is important not to focus exclusively on price.
- Expertise With Similar Products. When a manufacturer or trading company has experience with products similar to yours, they are less likely to make avoidable mistakes.
- Effective Communication. Good two-way communication with your supplier helps you avoid misunderstandings and develop a productive relationship. When working with suppliers in other countries, there are often additional cultural and linguistic barriers to overcome.
- Cooperative and Flexible. Win-win arrangements are essential in any supplier relationship. As such, when a manufacturer takes the time to try and understand your needs and adapt to them, it goes a long way.
Apr 1, 2024 · This comprehensive analysis will discuss the essential qualities of a good supplier, providing a roadmap for businesses seeking to forge lasting partnerships with suppliers who can help them thrive.
- Accountability for quality issues. Admitting to a mistake can be difficult. But when your goods are on the line, working with a quality supplier that takes responsibility for their half of a deal can make a world of difference.
- Production capabilities. Most importers understand the importance of looking for suppliers who can actually manufacture the product they want. In fact, many importers focus so much on production capabilities of a prospective supplier that they overlook other vital considerations.
- Expertise in your product type and target market. A supplier is more likely to be familiar with common quality issues related to your product if they have experience manufacturing a similar product.
- Culture fit: the best suppliers are willing to work with you. The “ideal” supplier is rarely the same for every importer. A manufacturing giant like Apple will have different standards for their suppliers than a first-time buyer that sells on Amazon.
- Accountability. It is easy to work with a supplier who is accountable for his/her mistakes as it makes the supply process faster. Sometimes you may encounter quality problems, and the last thing you’ll expect is the supplier to deny responsibility.
- Reliability. Any importer understands the importance of choosing good suppliers. A reliable supplier is one who can meet your supply needs on time. You must make sure the supplier has the right workforce and equipment to meet your requirements.
- Expertise. The level of experience of your supplier matters a lot to your business. You should choose a supplier who is an expert in the manufacture of your products.
- Flexible. Good suppliers deal with different buyers who have different needs. When assessing their flexibility, you will be checking how suitable they are to adapting to changes.
Oct 6, 2022 · Characteristics and Capabilities of a Successful Supplier: A Conceptual Model. Chapter. First Online: 06 October 2022. pp 27–51. Cite this chapter. Download book PDF. Download book EPUB. Understanding the Dynamics of New Normal for Supply Chains. Hassan Qudrat-Ullah & Fabián Szulanski. Part of the book series: Understanding Complex Systems ( (UCS))
Mar 16, 2023 · Definition & 5 Factors to Consider. The role of suppliers. Although it may seem simple, the function of a supplier plays a crucial role in the business cycle. Imagine if the supply of materials were to stop or if the quality was defective; it would undoubtedly affect the products produced by manufacturers.
While you’d be hard-pressed to find any supplier that’s perfect, if you’ve found one with these five qualities, you can be confident you’ve found a relatively good one: 1. Accountability
