The Importance of Financially Vetting Your Suppliers

Business and project managers spend a lot of an organization’s money on long-term contracts with suppliers, make sure you're picking the right companies to work with.

Successful companies embrace their suppliers and vendors, viewing them as partners that help grow their businesses. Making sure that this is a mutually beneficial partnership will impact the quality of service you get, which can be just as important as pricing. Remember, a vendor can have the lowest price and the lowest quality of work. This can lead to failure to deliver key products or services due to undisclosed financial issues.

After reading this eBook, you’ll know:

  • The consequences of failing to review suppliers
  • 10 crucial steps to assess the financial well-being of a supplier
  • How to determine important information, such as profitability and liquidity ratios
  • How to select a long-term and financially viable business partner
the-importance-of-financially-vetting-your-suppliers

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