You may need a sub-contractor or a supplier of components. What parameters should decide who to choose? Cost is obviously an important factor, but so is a due diligence of a potential business partner, its business, reputation and reliability. Finally a balanced written agreement, adequate for the purpose, should close the deal.
You must know;
- Has your potential supplier the right competence?
- Can they present reliable references?
- What is their commercial history?
- How is their financial status?
- Do they have the production capacity you need?
- Among their clients, will they prioritise your business needs?
If you know what you are looking for and where you can find it, these are quite easy obstacles to pass. Through good local knowledge, we can retrieve this information both officially and unofficially. We have visited numerous production units and our eyes are trained in that environment. With some quick words with staff, we can get a feeling for the company and the atmosphere there.