Having the best-fit payment terms is an important part of the supplier management process, but what are the best payment terms for my business when working with Asian apparel suppliers?
The Supplier Terms and Conditions intend is to ensure all suppliers who manufacture your companies product comply to all business requirements to delivery fit for market product from a price, delivery and quality perspective. These Terms and Conditions are extensive in content, are China centric and serve as an example only.
Sourcing an individual supplier is only part of the sourcing equation, key success comes when you have a strategic supplier matrix that covers all product categories, brand price points and meets business goals and objectives.
There will be a sales person assigned to your account; it is important to understand who this person is managing your business on a daily basis. They will become the backbone of the vendor relationship and key to your projects and future success.