By Matthew Milasius
Let’s say you just walked out of a meeting with a supplier. You have a good “gut feeling” about this one. You feel like the supplier isn’t trying to swindle you. This is a supplier you can grow with.
Unfortunately, importers of all sizes can succumb to relying on feeling as opposed to looking at the real offer in front of them.
When it comes to evaluating suppliers, outlining several criteria for how they’ll be chosen is extremely helpful. With a framework for supplier selection in place, you’re more likely to work with a supplier that makes sense based on reason rather than the feelings they give you.
This featured article mentions a few aspects to consider when choosing a supplier, such as:
- Margin: don’t overlook factors that can affect your margins, like shipping costs, customs duties and exchange rates
- Reliability: consider ordering a sample and conducting a factory audit to determine if a supplier’s quality and standards are as claimed
- Product offerings: is your supplier specialized in a certain area, or does it try to “cast a wide net”?
- Minimum order quantity (MOQ): ask the supplier early on if your order size is acceptable to them and see if the supplier has experience working with companies of your size
- Communication and support: it’s essential to evaluate how responsive your supplier is to your needs and if the supplier is proactive about addressing them
To read the full article that covers these 5 factors in detail, check out the full article in the link below:
How to Determine if a Supplier is Right for Your Ecommerce Store – Phillip Moorman, Printful
Matthew Milasius is a Client Manager at InTouch Manufacturing Services, a QC firm that performs product inspections and factory audits in Asia for clients in the US, EU and Australia.