6 RULES TO CONSIDER WHEN CHOOSING A SUPPLIER

6 RULES TO CONSIDER WHEN CHOOSING A SUPPLIER

When buyers plan to identify a new supplier, they often focus primarily on the best price. However, concentrating solely on low costs can backfire in the long run. If the quality is subpar or if the necessary components or materials do not arrive on time, saving a few cents becomes meaningless. Here are six rules to consider when choosing a supplier.

1. Strategy

Instead of focusing only on cost, prioritize quality when sourcing suppliers. Consider the following tips to ensure a comprehensive strategy that aligns with both cost and quality objectives.

2. Check Certifications

Many buyers have minimum requirements for supplier certifications. However, suppliers do not always make it easy to view and verify their certifications. Look for suppliers certified according to your quality standards, such as ISO, QS, or other relevant certifications, to ensure their commitment to maintaining high-quality standards.

3. Determine Production and Shipping Locations According to Your Needs

Based on your production needs, decide whether you need a multi-location supplier or a single warehouse supplier. Shipping capabilities and associated costs will vary depending on the supplier’s location options. You might be able to negotiate better terms with smaller businesses with single locations or combine suppliers to meet your specific needs.

4. Carefully Review Contract Manufacturing Job Posting Details

The product images, technical information, and specifications in your contract manufacturing job postings will help determine whether the supplier has the technical capabilities needed for your project. Suppliers will review product specifications, CAD drawings, and other technical data to understand your needs. Ensuring these details are clear, precise, and detailed helps both parties assess the supplier's suitability.

5. Clearly State Delivery Time and Shipping Information in Your Posting

Delivery performance is a crucial factor in contract manufacturing. Request estimated lead times and on-time delivery rates. If these are unavailable, it may indicate poor monitoring or performance, which can cause significant problems down the line.

6. Obtain References on Suppliers Capable of Doing Your Job

Checking references from businesses the supplier has worked with can give you a clearer understanding of their capabilities. A good supplier should have a list of satisfied clients or references readily available. Having these references displayed on their website further strengthens their credibility and trustworthiness.

7. Finding Suppliers on Parkurda.com

Platforms like Parkurda.com are excellent for discovering new and high-quality suppliers. As a leading sourcing platform, it connects industrial buyers with suppliers, creating a win-win situation for both parties. Engineers, procurement specialists, and designers can easily source products and services, while manufacturers and distributors can promote their businesses and secure more contracts.

By following these guidelines, you ensure that you are selecting a supplier who meets your quality and logistical needs while helping to minimize long-term risks.