For customers, a company is linked to its suppliers. Choose your suppliers carefully. They can impact both your financial health and your brand image. The method to follow to choose your suppliers is as follows. To find your future suppliers, check your offer, the targeted customers and the targeted product range. What differentiates your company from your competitors? Is it the originality of your products? Would you like to sell specific products or handle Business Registration in Singapore?
Then establish your specifications with the criteria that your suppliers will have to meet. You will specify, for example, your budget or related services that you are looking for. You will finally be able to identify the suppliers with whom you could potentially work thanks to the Internet, the professional organizations of the sector, professional directories, the professional press and professional events.
The same applies to social networks and the authorized management centers and approved associations. On which criteria do you choose your supplier? When you have identified your potential suppliers, compare their benefits. To facilitate your search for information, do not hesitate to introduce yourself as a company in the process of being formed or being Business Registration in Singapore.
The criteria to check: the price: beyond the price, compare the price-quality ratio by also including hidden costs such as transport costs, specific costs for imported products. Purchase conditions and payment facilities, delivery times, troubleshooting, the services offered: is there a after-sales service? Is there technical assistance? Sales support tools?
The financial health of the company: Do the financial results allow you to design your supplier as a long-term partner? Certifications: does the company have quality labels?
It is also necessary to take into account the respect of certain ethical and environmental rules which can have positive effects on the image of your company, but also to be very harmful in case of non-compliance. Indeed, in the eyes of your customers, you are linked to your suppliers. If your suppliers do not respect the basic rules (for example about child labor), it could very strongly and durably damage your image.
Based on these criteria, you will make a first selection. However, your suppliers will become true partners. Meeting them will give you an idea of your common ability to build a long-term relationship. Prepare in advance the questions you will ask your interviewer. Does the supplier offer you a control possibility?
Does he accept that you visit him regularly? Also ask about the reputation of your suppliers: how is it perceived by the profession? The ideal way to do this is to meet current customers: does your future supplier meet his delivery deadlines? Is the quality of its products and services satisfactory?
