Knowledgebase

Finding and Assessing Suppliers Print

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Who could provide it.

WHERE TO FIND THEM

Existing relationships Referrals from businesses like yours Industry associations Exhibitions Directories and searching

WHAT REFERRALS PROVIDE

Evidence, which directories do not.

WHAT TO ASK THE REFERRER

Whether they would use them again What went wrong, and how it was handled

WHY THE SECOND QUESTION

Every supplier has problems; how they handle them is the difference.

WHAT TO ESTABLISH ABOUT ANY SUPPLIER

That they exist and are registered How long they have operated What they actually do themselves against subcontract Their capacity Their financial stability

WHY FINANCIAL STABILITY

A supplier that fails mid-contract is expensive.

HOW TO ASSESS IT, ROUGHLY

Filed accounts, where available How they pay their own suppliers Whether they demand unusual advance payment

WHAT TO VERIFY

Registration, through the public register Certifications claimed, with the issuing body

WHY VERIFY CERTIFICATIONS

Claimed certification is frequently unverified and sometimes false.

WHAT TO REQUEST

References from customers similar to you.

WHAT TO DO WITH THEM

Contact them, and ask specific questions.

WHAT TO VISIT, FOR SIGNIFICANT SUPPLIERS

Their premises.

WHAT THAT REVEALS

Capacity, organisation and whether the description was accurate.

WHAT TO RECORD

The assessment.


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