Counterparty check | 6 things to pay attention to | Key risks

Before placing order with a new factory, undoubtedly it is worth checking the counterparty to avoid misunderstandings and further surprises.

Ways to check counterparties

It is critical to have a robust supplier evaluation plan for internal and external accountability and continuing the relationships and business. Measuring and evaluating supplier performance is paramount to reducing costs, and improving process efficiency and business performance. It helps preventing product issues and defects after payment and improves the supply chain management in general.

How to Choose the Right Supplier for Your Business | 5 Steps

The selection of suppliers is an ongoing process. After all, any partner can raise prices, change the assortment, reduce quality or go bankrupt, and you have to look for a new one. Below there are tips on where and how to find the most suitable ones and to avoid fraud.

How to make a product

Finding a manufacturer for your products can seem like a daunting task at first. To identify the top manufacturers and suppliers for your company, we suggest these 5 steps.