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How to Select the Right Supplier


  Suppliers belong to the open system of supply chain, so the selection of suppliers is influenced by various economic, political and other factors. 

  Supplier - quality factor

  Quality is the survival of the supply chain, and the use value of products is based on product quality. It determines the quality of final consumer goods and affects the market competitiveness and market share of products.Therefore, quality is an important factor in choosing suppliers.

  Supplier - price factor

  Low price means that an enterprise can reduce the cost of production and operation, which plays an obvious role in improving competitiveness and increasing profits, and is an important factor in choosing suppliers.However, the supplier with the lowest price is not necessarily the most suitable one. There are many other factors that need to be considered, such as product quality, delivery time and transportation cost.

  Supplier - on-time delivery factor

  The ability to deliver products on time at the agreed time and place directly affects the continuity of production and supply activities.It will also affect inventory levels at all levels of the supply chain, which in turn will affect the speed of enterprises' response to the market, interrupting the production plans of producers and the sales plans of sellers.

  Supplier - variety flexibility factor

  In order to survive and develop in the fierce competition, the products produced by enterprises must be diversified to meet the needs of consumers, so as to occupy the market and gain profits.And product diversification is based on supplier's variety flexibility, which determines the type of consumer goods.

  Supplier - other influencing factors

  Including design ability, special process ability, overall service level, project management ability and other factors. 

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