Wednesday, 11 February 2015

Points to review in choosing vendors from Buyer end



1.      1.  Reliability: - Will a supplier consistently fulfill all written promises?
2.       2. Price-quality: - Who provides the best merchandise at the lowest price?
3.      3.  Order-processing time: - How fast will deliveries be made?
4.       4. Exclusive rights: - Will a supplier give exclusive selling rights or customize products?
5.       5. Functions provided: - Will a supplier undertake shipping, storing, other functions, if needed?
6.       6. Information:- Will a supplier pass along important data?
7.       7. Ethics: - Will a supplier fulfill all verbal promises and no engage in unfair business or labor practices?
8.       8. Guarantee: - Does a supplier stand behind its offerings?
9.       9. Credit: - Can credit purchase be made from a supplier? On what terms?
110.   Lon-term relationships: - Will a supplier be available over a period?
111.   Reorders: - Can a supplier promptly fill reorders?
112.   Markup: - Will markup (price margins) be adequate?
113.   Innovativeness: - Is a supplier’s line innovate or conservative?
114.   Local advertising: - Does a supplier advertise in local media?
115.   Investment: - How large are total investment costs with a supplier?

116.   Risk: - How much risks are involved in dealing with a supplier?

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