Suppliers

• What is a key characteristic to look for in suppliers?

  Quality and reliability
• Why is consistent quality important in supplies?

  Customers associate poor quality with your business
• What happens if a supplier delivers late or faulty supplies?

  You may let your customer down
• How do flexible suppliers benefit a business?

  They help respond quickly to customer demands
• Why is the lowest price not always the best value for money?

  Reliability and quality may be compromised
• What should you consider when balancing cost and quality from suppliers?

  Decide how much you're willing to pay
• What is essential for strong service from suppliers?

  Clear communication and timely delivery
• Why is it important for suppliers to communicate regularly?

  To understand your current needs better
• What should you check to ensure a supplier's financial security?

  Strong cash flow
• How can a credit check help you with suppliers?

  It reassures you about their business stability
• What might happen if a supplier goes out of business?

  You may not receive supplies when needed