How to avoid tricky offers from suppliers in business ??

Question

Do not deal with an anonymous dealer

Keep 100 % information about your suppliers.

Keep complete and legal track of documents/paperwork of the deal and the dealer.

Check their pre-transaction or history in the market.

Try to finalize the deal personally instead of asking your assistant or manager or any other person then you.

Its better not to approve your deal if the supplier is heading to a high loss or has a bad reputation in the market.

can you please elaborate these points ??

Answer 1

elaborate on those points? Those are basic "no duhh" points, like never spit into the wind, never sleep by a cliff if you sleep walk, and never vote for a socialist.

You always want as much info on your suppliers as you can get, AND NEVER PAY THEM UNTIL YOU INSPECT THE MERCHANDISE! is more important than anything. You can never know 100% about anyone any time, so just "don't be stupid" is a good idea.

Keep track of documents? Well Yeah, no fooling, lol. Legal track? What is legal track? Track of legal documents? yes, of course, duhh, to not do so would mean you are a slobbering idiot.

Pre transaction history? Pre transaction is future, post transaction is history, and yes, it's always good to know as much about your supplier as you can, but you can't know everything so not being stupid comes into play. Verify everything before you allow payment to be released. If dealing over seas payment will be in an escrow account pending your approval of the merchandise, unless you are a slobbering idiot.

Finalizing the deal yourself? Good idea if you don't have a trusted employee to do it for you. If you don't, and you get big then you will never get done what must be done, so I would recommend getting someone you can trust. Often a good specialist is much more qualified than YOU at doing the job, so having a well qualified and trustable employee is very valuable and something to look for and try hard to get.

It is better not to approve your deal if your supplier is heading to a high loss of has a bad reputation? Well thats stupid, why would you be in a deal you wouldn't approve because of conditions you should have checked out before you made an order? That kind of s***w ball dealing will end up getting you a crappy reputation, and suppliers should then avoid you, because you would be an idiot that costs them money and they would have to sue you.

I don't know where you got this list, but its basic and obviously not written by anyone who knows much about anything to do with dealing with manufacturers or jobbers. Ask for your money back.