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Supplier sourcing – a step-by-step guide to getting the best deal for your business

November 2, 2017

Photo by Juliette Leufke on Unsplash

 

Choosing the right suppliers for your business can be daunting; have you got the best deal? Can you rely on the supplier? Is it the best match for your business? But, taking the time to source the best deals can make a world of difference, saving you time and money, as well as helping to take your business to the next level.

 

Supplier sourcing is much more than just asking a friend for a recommendation, performing a quick google search, or spending half a day on a comparison site. Each supplier needs to be expertly matched to your business needs and objectives and your final choice will depend on factors unique to your business and you.

 

At MoGio’VA, I have been asked by many of my clients to source new suppliers for their business, and in our recent small business survey 30% of respondents said that they would outsource this task to a virtual assistant, so with this in mind, I wanted to share my top tips for sourcing suppliers for your business.

 

1 Define your criteria

Before you start your research it is essential that you define, in detail, your exact requirements from each supplier. When sourcing for clients,