Guide

Manage overseas suppliers

Introduction

You will find that there are various differences between trading within the UK and trading with overseas suppliers. Typically, these include language differences, new payment methods and increased paperwork requirements.

However, with a little research and planning these challenges are easily overcome. Widening your purchasing to the international market can give you a significant competitive advantage. Using overseas suppliers can lower your input costs and give you access to specialised goods and materials that may not be available in the UK.

This guide outlines the differences you need to take into account when starting to trade overseas. It takes you through the key steps in finding and selecting overseas suppliers, and explains what to look for in terms of payment methods and drawing up contracts.