Announcement

Collapse
No announcement yet.

What Do You Look For In A Supplier?

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • What Do You Look For In A Supplier?

    I believe that one of the factors that make businesses successful is the quality of supplies they get from their suppliers. If you have good quality products to sell, you will gain more customers in time. Finding the right supplier who offers high quality products at reasonable prices is a must to be able to run a successful business.

    For those of you who are already running a business or planning on running one, what do you look for in a potential supplier?

  • #2
    Re: What Do You Look For In A Supplier?

    When doing business it's sensible to do your due diligence before you get into any sort of commitment. This will help you in finding the best possible source for supplying your needs. U will need to a have a reliable and trustworthy supplier this could facilitate as much as possible a smooth and stress-free received flow, hence enabling you to be in a better position to satisfy you customers needs.

    Comment


    • #3
      Re: What Do You Look For In A Supplier?

      For me one of the most important things is how communicative and attentive they are. If they are able to answer questions before I even bring them up then it's a good sign that they have already lots of experience a dave dealt with many other clients to know enough to be upfront of potential problems and to give me options and security measures on how to combat them. On that note I'd say another good thing to look out for is honesty.

      Comment


      • #4
        Re: What Do You Look For In A Supplier?

        We used to have a business and we supply computer items to companies. In the beginning when we had no track record to speak of, we were using recommendations and references. Even our first clients were helping us by being our reference for our company's performance in the supplying business. But our main strength during the first year is in giving concessions to our clients, especially to the new clients, by giving them 30 days of terms and sometimes even 60 days of payment period after delivery. It was a big burden to our cash flow since we were like giving a loan to our clients but it's worth it when we compute the profits earned.

        And being on the other side, what I look for potential suppliers is their track record, how long they have been in the business, their top clients and their facilities.

        Comment


        • #5
          Re: What Do You Look For In A Supplier?

          I want a supplier who has high quality products at reasonable prices. Low minimums. Easy ways to pay. If it is a larger item, then they need to offer drop shipping.

          Comment


          • #6
            Re: What Do You Look For In A Supplier?

            One of the first things that I look for in a supplier is the length of time that they have been established, as well as what other businesses they also work with and supply to. For me reputation is just as important as the price, and you often find that the suppliers who are quoting the cheapest prices are often supplying goods that aren't up to the standard that you or your customers demand. Using a poor supplier affects your reputation as well, and it's worth paying a higher price for a supplier that you know is trusted.

            Along with the price, reliability is also high on the list, and you want to choose a supplier who can deliver on their promises. There's no point in choosing a supplier and then when it comes to ordering whatever it is you need, they are out of stock or are quoting ridiculously long delivery times. What's important for a supplier is to be able to deliver the required goods on time and at a price that's affordable. Depending in what sector your business is in though, they can be hard to find.

            Comment


            • #7
              Re: What Do You Look For In A Supplier?

              Well like other users have stated, reliability has to be the main consideration, or at least up there towards the top. When it comes to finding a supplier, you have to know your needs and the rates of other competitors. It is a little more difficult to find reviews of business like suppliers than your typical business too, so you have to allow yourself a little more time and effort. This is really where good business connections and knowing people in the industry really proves it advantages, in my experience at least.

              Comment


              • #8
                Re: What Do You Look For In A Supplier?

                You've all pointed out valuable points that one can really take note of when it comes to choosing a good supplier. I think you've tackled every aspect finding the right suppliers for any business. Punctuality, honesty, and good quality of products are also my top concerns when choosing the right supplier. Expectations from potential customers put a big burden on the part of suppliers but I think they can use these things as a guide in providing quality service to the people and businesses they give service to.

                Comment


                • #9
                  Re: What Do You Look For In A Supplier?

                  Originally posted by cluckeyo View Post
                  I want a supplier who has high quality products at reasonable prices. Low minimums. Easy ways to pay. If it is a larger item, then they need to offer drop shipping.
                  Yeah at the end of the day it really all just mostly boils down to price.if they are able to offer good deals and be able to negotiate towards what you need then the chances become way higher for you to partner with them and ultimately all they will have to do is live up to their side of the transaction which shouldn't be too hard if they have done all their calculations correctly and have tons of experience.

                  Comment


                  • #10
                    Re: What Do You Look For In A Supplier?

                    I'm always looking for suppliers that have a good track record and reviews, basically companies that have been around for a while and they've been trusted by people before. I'm also looking out for the quality of their product and the price, if they have expensive products I want them to show me why they're worth the money so that's really important. Those are the most important parameters for me.

                    Comment


                    • #11
                      Re: What Do You Look For In A Supplier?

                      I am not responsible for supplies in my day job, but I am for my personal small business. What I look for is:

                      1. Good reputation/reviews of the supplier. I will Google the hell out of something if I have to before I buy in order to make sure that I'm getting what I pay for, and what I expect.

                      2. Good prices. I will search for hours to get the best price if I have to. In the end, it will save me money and I can keep going back.

                      3. Fast service. Sometimes I will opt for a slighter higher price on a supply if I can get it faster. It just depends.

                      Comment


                      • #12
                        Re: What Do You Look For In A Supplier?

                        @Norm you make a a very good point. Communication is very important when dealing with suppliers. It ought to be a supplier's top priority. Being both polite and informative should keep customers coming back for more. I know that when someone is rude to me, dismissive, or even when they supply with excessive information, it puts me off. I have had people talk my ear off about their supplies, and that can be irritating. (Avon springs to mind!)

                        Comment


                        • #13
                          Re: What Do You Look For In A Supplier?

                          Originally posted by PurpleBee View Post

                          1. Good reputation/reviews of the supplier. I will Google the hell out of something if I have to before I buy in order to make sure that I'm getting what I pay for, and what I expect.
                          I am also very particular with reputation especially if I'm going to buy my supply through the internet. I spend hours googling about the company and I try to make sure I read all the positive and negative reviews on them. If I read more negative than positive ones, I back out and look for another potential supplier.

                          Comment


                          • #14
                            Re: What Do You Look For In A Supplier?

                            I personally look for the product quality but also I look for the communication as well.

                            I hate when the entire supply chain is stuck because the supplier does not have the time to communicate or simply does not give importance to communication. That is why, I would always interact with the supplier before buying and also, after the sale as well, to ensure that I would be able to order from the supplier in the future as well.

                            Comment


                            • #15
                              Re: What Do You Look For In A Supplier?

                              Originally posted by Dropshipping View Post
                              I personally look for the product quality but also I look for the communication as well.

                              I hate when the entire supply chain is stuck because the supplier does not have the time to communicate or simply does not give importance to communication. That is why, I would always interact with the supplier before buying and also, after the sale as well, to ensure that I would be able to order from the supplier in the future as well.
                              Communication is important, you are right and I think a lot of businesses don't worry too much about that enough like they should do. it's OK picking a supplier that as the cheapest prices like a lot do, but if the communication from them isn't up to scratch then there is a good chance that you're going to run into a few problems along the way.

                              There's no point in choosing a supplier with the cheapest prices, if you are then left to wonder if they have received your order, if it's been processed or maybe even more importantly, when you yourself are going to receive it.

                              Comment

                              Working...
                              X