Verify supplier legitimacy through independent verification services like Dun & Bradstreet or similar platforms. Check for established online presence, positive customer reviews, and years of operation. Request certifications and licenses relevant to Alli’s manufacturing and distribution.
Due Diligence: Key Steps
Examine supplier contracts meticulously, focusing on intellectual property protection, liability clauses, and dispute resolution mechanisms. Secure samples for quality analysis before committing to large orders. Establish clear communication channels for regular updates on order progress and potential issues. Compare pricing from multiple suppliers to negotiate favorable terms. Conduct thorough background checks on key personnel to mitigate risks. Consider using a third-party agent specializing in international sourcing to streamline the process.
Secure Payment & Logistics
Utilize secure payment methods like escrow services to protect your investment. Clarify shipping terms, insurance coverage, and customs procedures upfront. Establish a clear return policy and process in case of quality discrepancies or late deliveries.
