Supplier Verification
The initial supplier research process involves conducting an on-site physical visit to verify the supplier’s facilities, production capabilities, quality control measures, compliance standards, and overall operational practices. This visit helps assess the supplier’s reliability, ensure they meet specified requirements, and establish a trustworthy relationship before engaging in any contractual or procurement activities.
- Verify business registration and licensing
- Check industry certifications and accreditations
- Confirm physical address and contact details
- Confirm adherence to ethical sourcing and labor practices
- Review supplier's quality control processes
- Verify product traceability and origin documentation
- Assess financial stability and creditworthiness
- Conduct site visits and factory audits
- Examine production capacity and lead times.
- Assess supply chain transparency and sustainability
- Check for existing legal disputes or violations
- Verify compliance with import/export regulations
