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Factors to consider before Choosing a supplier (Location (Close location…
Factors to consider before
Choosing a supplier
Quality
High quality leads to high quality finished product.
Consistent quality
Price
Good value for money. "High quality for A fair price."
Ethics and Enviroment
Policies
Ensure they are 'fair trade' and minimise packaging
Helps the business achieve its own CSR objective
Location
Close location = reduced travel costs
"Buy British"
Reduced carbon footprint
Reputation/Reliability
Ensure they are able to deliver on time in
the right quantity and quality
Quantity
Able to deliver the amount requested
Discounts
Are discounts available for buying in bulk?
Trade Credit
Is the business able to pay at a later date
= improving cash flow