New supplier checklist
Choosing the right supplier involves much more than chasing the lowest prices. Your choice will depend on a wide range of factors such as value for money, quality, reliability and service. How you weigh up the importance of these different factors will be based on your business priorities and strategy.
It is very useful when selecting a new supplier to have a checklist with which to evaluate the supplier’s suitability. Usage of our new supplier checklist ensures companies with right supplier choice and overview of evaluation process.
How much of the checklist is used and how thoroughly will depend on your own needs. However, even a brief review using this checklist may help raise points that could otherwise be overlooked and become issues later.