What is important when choosing a new supplier? Prices and discounts, Reputation

Well, when it comes to choosing a new supplier, several vital factors must be taken into account.

To begin with, I think we must consider the price of goods first. We can compare the prices offered by different suppliers and choose the one which is more reasonable.  Because only if we get the supply at lower price can we make profits.  Of course, it would be even better if the supplier can offer discounts to regular clients.

Another point we should also consider is the location of the supplier. We’d better choose one who is not too far away from us.  If the supplier is too far away, that will most likely increase the cost of transportation.

Besides, it’s also very important to consider whether the supplier is reliable. We would never choose those who always deliver their goods late or those who can’t ensure the quality of goods. Because late delivery may bring heavy loss to us, and quality is the lifeline of any business. Otherwise we may lose our own clients. So in this aspect, we must not make any concessions, and lower prices cannot be a valid mitigating factor.

While there are also other considerations in choosing a supplier, such as reputation, means of payment, after-sales service, I believe the factors mentioned above are the most indispensable ones.