While identifying a new supplier for supermarket equipment, most buyers focus on the perfect price. However, focusing on reducing the costs may cause damage in the long run. That’s because reducing the cost may impact the quality of the product. It can also delay the delivery of the material and other components.
Instead of fixating on the price, focus on the quality provided by the shopfitting suppliers by incorporating these pointers into your sourcing strategy:
1. Examine the Certifications
Buyers have barely any requirements when it comes to shopfitting suppliers quality certifications. On the contrary, suppliers also do not easily seem to view and verify their certifications. Explore suppliers possessing certifications to your quality standards, including QS, ISO, etc.
2. Assess the Geo-Political Climate
In case you are able to fetch rock bottom prices from overseas resources, political upheaval or fragile labor relations may leave you without any supermarket equipment. Therefore, be careful in evaluating the possibility for unrest in the areas that you are depending on for your supply chain.
3. Discovering Reputable Suppliers
Product discovery tools prove very efficient for finding new, quality shopfitting suppliers as well as supermarket equipment. Procurement professionals, engineers, and designers source from the platform conveniently for the products and services they require; apart from that, manufacturers and distributors are authorized to promote their businesses and secure more contracts.
4. Determine Financial Stability
An informal survey shows that around 50% of buyers collaborated with shopfitting suppliers that unanticipatedly went out of business. Therefore, ensure the financial stability of the suppliers by analyzing their previous records.
5. Analyze Weather-Related Risk
We generally hear of natural calamities impacting communities around the world, however, the news hardly ever covers the footprints of these events on the global supply chain. Without overlooking this possibility, pick potential suppliers, determine the weather-related issues typical to the area, and finally analyze how these can impact your supermarket equipment and thus, your business.
6. Regular Manufacturing and Shipping Locations To Your Requirements
Depending on your manufacturing needs, you must analyze whether you would be needing a single warehouse or a multi-location supplier. Going further, shipping abilities and associated costs may differ with different locations. You may negotiate for a better cost for a smaller business with a single location. Or you may go for multiple shopfitting suppliers to meet your supermarket equipment requirements.
7. Evaluate Product Information
Assess whether the supplier possesses the accurate products for your project. This can be done by evaluating detailed product descriptions and related information that may help. Suppliers providing easily accessible product specifications, graphs, charts, and CAD drawings are the ones that value your time and are willing to maintain the stability of your business.
8. Request an Accessible Inventory Information
Visible inventory of the supplier can prove advantageous. It indicates their commitment to their customers and their capability to fulfill the requirements on time.
9. Apprehend their Extensibility
Know the flexibility of the supplier for providing small quantity and high volume orders. The need for small quantities or prototypes will most likely be fulfilled by the manufacturers that focus on that volume. In case, your requirements for the shipments of the product grew extremely large over time. Then it would mean that you have outgrown the capacity of your chosen supplier. Therefore, keeping in mind the growth of your business over time, hire a supplier that can meet your changing needs.
10. Allegiance to Customer Service
Check the customer service provided by the supplier. It would help when you are working day and night and you need to speak to the supplier for some of your queries. You must also have a deeper understanding of the contract about their return policy.
11. Ensure Lead Time and Delivery Statistics
Lead in delivery performance is fundamental to industrial buyers. Ask your chosen supplier for their lead time estimation in contrast to on-time delivery rates.