Secrets to Choosing a New Contract Partner

March 26, 2019

Secrets to Choosing a New Contract Partner

You're smart. You know what you want. 

So, choosing your next contract partner should be simple, right?

For businesses just like yours, finding a supplier who can deliver quality and on-time service can be the hardest part of your day, especially when it comes to heavily regulated industries.

How can you qualify a new sourcing partner and ensure an efficient, problem-free experience? The following considerations will help.

Communication

A vendor's responsiveness can be crucial to good supply chain function. Consider response times, points of contact, and how information is shared.

Experience

Expertise comes in the form of experience. Established organizations have proven workflows and a larger network of partners to support you. 

Knowledge

Experience goes hand in had with technical acumen and material knowledge. A supplier with knowledge can make smart recommendations based on functionality and end use.

Quality

Just because two companies supply the same product doesn't mean their sources or in-house quality standards are the same. 

Services

Secondary services can offer a cost-conscious way to shorten your supply chain. However, be certain their methods meet your quality standards.

Timeline

While lead times aren't the most important factor, a vendor should be clear so you can decide if they can support your project plans. 

Inventories

Does the supplier maintain a consistent inventory of your material? Ask how they manage volume increases or rush orders if needed. 

Request your customized quote to see how we measure up!

Previous Video
Fascinating Facts About Eddy Current Testing
Fascinating Facts About Eddy Current Testing

Eddy current testing is an important method of nondestructive testing. See what you may not have known abou...

Next Video
RFQ Tips That Will Help You Get Exactly What You Need
RFQ Tips That Will Help You Get Exactly What You Need

With these RFQ tips, you can not only speed up the quote process, but also ensure you get the part you want...