Six things to consider when choosing a supplier
Tools & Resources
Key Learnings:
- The reputation of your business is only as good as the businesses that supply you.
- It’s important to find out what processes your suppliers have in place for when things go wrong.
- Asking for references from other businesses is a good way to evaluate new suppliers.
When it comes to choosing a supplier for your business, there are many different things to consider. Quality, cost and reliability are among the first things that come to mind, but reputation is also important as your business is only as good as the other businesses that supply you. Here Transmit Startup share their top six things to consider when looking at new suppliers.
- Quality and cost
- Reliability
- Capacity
- Payment terms
- Location
- Perception and brand
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