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How to avoid supplier disasters.

blurgroup.com © 2015 blur Group PLC

The Selection Process1.

No matter where in terms of significance your suppliers fall – be it in the big head of your expenses or your tail spend – in-depth analysis, prior to selection, is vital.

Choose from a number of suppliers - not just the first one that comes along.

CHOICE

UNDERSTANDING Implement a support system to understand your suppliers.

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Why is your supplier selection important?

Any damage inflicted by your suppliers will reflect negatively on your company and brand.

So choose wisely when seeking the right supplier for the job.

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Why select appropriately?

NO wasted time.

NO wasted money.

NO frustration.

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Consistent evaluation and supplier catch-ups2.

WHY?

Allows you to keep report on progression.

Nurtures your supplier relationships.

Encourages better organisation.

Feedback should be mutual and regular, in order to boost quality throughout the journey and determine any insufficiencies along the way.

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3. Contractual agreements and disclaimers

How to protect your company's privacy?

Research your supplier before welcoming them on board.

Put controls in place to ensure protection of personal data.

Contractual agreements and disclaimers are crucial to protecting either party's data and intellectual property from being breached.

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4. Risk assessment

Risk Assessment Incident Management

A robust system will make sure quick, corrective

measures can take place on the off chance that

something goes wrong.

This will alert you to anything

untoward that may need stricter intervention.

Initial investments in comprehensive

risk assessments will save your time

in the long run.

Incident Analysis

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5. Get to know your markets

Research each product or service you purchase - pertinent when entering new markets and territories.

WHY?

Saves Money.

Alignment with territory regulations.

Avoids unstable markets and PR disasters.

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6. How to maintain business standards?

Each supplier working on your business should reflect your business.

How do you do that?

Maintain governance and communication with each supplier.

Use constant reviews, to establish a transparent relationship.

Eliminate risks and ensure ethical guidelines are enforced to a high standard.

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Is your business still struggling to source efficient suppliers?

BUY AT

Leave supplier disaster behind and...

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