The Quality of Your Partners

The Quality of Your Partners And now, Part 3 of our series on vetting potential suppliers. So far, we’ve defined vetting as a careful examination of a supplier’s practices, performance, and “personality.” When you vet a supplier, you learn who your potential partner is, what they do, and how they do it. In Part 1 of our series, we covered the who. In Part 2, we dealt with the what. And in this article, we’ll […]

Who’s Your Maker?

Who’s Your Maker? Thanks to the general overview, you now have a good idea of who your potential supplier is. You have a handle on the supplier’s culture, values, customer service, and growth plans, as well as how they’d fit into your current matrix. So now, it’s time to learn what the supplier does. This means you’ll examine: (1) the supplier’s product development process, and (2) their expertise in sourcing. (That is, of course, is […]

Supplier Vetting, Made Easy

Supplier Vetting, Made Easy In a previous article, we talked about the first step in searching for a new supplier:  self-reflection. But once you know what you’re looking for, what comes next? Well, you complete a careful and critical examination of your potential supplier, also known as vetting. When you know who your supplier is, what they do, and how they do it, you’ll not only help keep your business on track, but you’ll also […]