Happy Friday! Hope you all had an amazing week!
Today, I want to discuss the 12 most important factors you should consider when choosing a supplier. These are important because they ensure supplier selection success and help you realize quality opportunities. Without further ado, please read below for the top 12 factors to consider when choosing a supplier, and as always, remember, “Success is continuous improvement.”
- Type of product (new tech vs mature product)
- Quality
- Quality Assurance (certifications, audit processes)
- Flexibility
- Reliability
- Location
- Price
- Delivery Capability
- Lead times
- Financial stability
- Length of time in business
- Relationship strength
- *Of course, you can always add to the list based on your business requirements*
Notable 