Supply Chain Solutions No.6 – Don’t Choose a Supplier Based Solely on Price
Everyone is tempted to select a supplier purely on price, but it is only one factor in the evaluation process. You should never select a vendor based solely on price.
Experienced buyers who have sourced many projects and evaluated hundreds of vendor proposals always recommend discarding the highest-priced and lowest-priced bid. Buyers report that their most successful projects are the ones where they felt the vendor offered a balance of good value and quality results.
ID Global Concepts are experts in supply chain management. We add value to your supply chain through consultancy or management contract to ensure the business has the best practice systems that are the right fit for your business, customer and meet your value expectations.