There are a lot of essential bricks that make up for a strong building. Among these quality traits, the right supplier is a crucial one. This decision alone can have a drastic impact on the outcomes. Think of the difference you would have when you choose someone who specializes in your sector and others who don’t.
And this is not just for your industry. Even in the pharma sector, there are many labs that prefer to buy peptides from someone who has expertise in it. No matter how much data we put forward in the table, this decision can be easy for seasoned business owners. However, it is another story when it comes to a company that will be hiring a supplier for the first time.
Here are some of the traits you can look for that can ensure you are making the right decision with the supplier.
List of needs
Go ahead and engage with the key stakeholders in the logistics and quality control teams to make sure all the perspectives are considered. You can consider the following:
● Quality
Consider determining the needed quality levels for the suppliers and how you will be able to measure and evaluate them. You can consider requesting the certifications from the supplier. Alternatively, you may look for the ones who are reliable in terms of quality and delivery. Moreover, factors such as order accuracy and supplier track records should be taken into consideration for meeting commitments.
● Lead times
You can set the needed lead times for the service or products and make up your mind on how you will evaluate a supplier’s capability to meet the timelines.
Quality issues accountability
Admitting a mistake can be difficult for some. However, when the goods are on the line, being in the work with a quality supplier who takes responsibility for their half of the deal can make all the difference in the world. This is why accountability for quality issues tops the loss of traits of a great supplier. Consider finding the untrimmed threads in 45 per cent of an order of garments you are importing. Even though you might consider this as a ‘minor defect,’ the number of pieces affected makes it impossible to ignore. A supplier with accountability will take responsibility for the quality issue and work forward to address it right away.
Flexibility
Being able to place small and frequent orders allows you to avoid tying up too much working capital in stock. The flexible supplier assists you in responding quickly to changing customer demands and sudden emergencies. If you wish to cut down the time required to serve the customers, suppliers who provide quick delivery service are your best bet.
Wrapping Up
A reputed and reliable supplier is just like the trusty person you have hired as a supervisor who manages a big team. If you are a pharma company looking for a reliable supplier, consider Lotilabs today!
