How To Check A Supplier

Table of contents:

How To Check A Supplier
How To Check A Supplier

Video: How To Check A Supplier

Video: How To Check A Supplier
Video: How To Check If An Alibaba Supplier is Legit? Amazon FBA Supplier Hacks 2024, November
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Finding a good supplier can help you keep your business profitable for years to come. Not every company can provide timely and high-quality delivery of goods. In addition, you can often come across scammers and unscrupulous partners. To avoid such problems, a potential supplier should be thoroughly checked before starting a business relationship.

How to check a supplier
How to check a supplier

It is necessary

  • - the Internet;
  • - legal agency;
  • - press.

Instructions

Step 1

First of all, study all the information about the supplier that is in the public domain. If a company does not have a website, only mobile phones are listed and there is no physical address - this is a reason to be wary. Enter the name of the company in any Internet search engine in different versions and carefully read the main links to this name. Go to thematic forums and try incognito to ask questions of interest about your potential supplier. As a rule, in this way you will receive reliable inside information. Get acquainted with the public activities of the company. Charity work, participation in various events and trainings - all this characterizes any company in a certain way. Pay attention to the existing court cases in which the name of your future supplier appears. As a rule, the majority of court decisions are also published on the Internet. So you can get an idea of what legal problems this company had.

Step 2

Request a package of documents from your supplier. At your request, the company is obliged to provide any information that does not fall under the category of trade secrets. Certificates, licenses, permits - all of this should be in the public domain. Study the sample contract that you are invited to conclude. From many points it will become clear how the supplier plans to carry out the transaction, what penalties will be applied in case of non-compliance with the points of the contract. To study the contract, you can turn to the help of a lawyer. Perhaps some conditions contain pitfalls that only a professional will notice.

Step 3

If you are planning a serious deal and you want to have complete confidence in a potential supplier, resort to professional verification. If your company does not have its own security service, contact a specialized legal agency. Such a company can obtain maximum information through legal, but not accessible methods. Information about the management and owners of the company, financial and statistical reporting, business activities of the organization - all this information, which can hardly be found in open sources, will help you to form the most reliable picture of a potential supplier.

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