Choosing the right suppliers

Shortlisting potential suppliers

Once you have got a clear idea of what you need to buy and you have identified some potential suppliers, you can build a shortlist of sources that meet your needs.

What to look for when shortlisting suppliers

When considering the supplier firms on your shortlist, ask yourself the following questions:

  • Can these suppliers deliver what you want, when you want it?
  • Are they financially secure?
  • How long have they been established?
  • Do you know anyone who has used and can recommend them?
  • Are they on any approved supplier lists from trade associations, local or central government? Find a supplier to central government.

Do some research and try to narrow your supplier list down to no more than four or five candidates. It's a waste of time for you and the potential supplier if you approach them when there's little chance of them fulfilling your requirements.