By Josh Price – Alibaba Group
Better access to the global supply chain – sourcing from countries where the quality is better, more available or cheaper – has improved many aspects of the sourcing process. However, this also brought with it a significant challenge: how can you verify that a potential supplier is legitimate, in good standing, and trustworthy?
The Alibaba.com Select team has been working on this issue. Alibaba.com Select is the one-stop, end-to-end solution for purchasing supplies in bulk at wholesale prices, powered by Alibaba.com. Born out of a need to mobilize global supply chains in the face of a pandemic, the New York-based team has helped numerous American companies purchase tens of thousands of personal protective equipment (PPE) and other sanitary and medical supplies to protect the health of their essential workers and customers. The sourcing department has since expanded into other categories and industries, but early on the team was able to quickly ramp up operations by developing a standard process for determining how to identify and authenticate suppliers who could produce large quantities of health and medical products while adapting to constantly changing rules and regulations.
The result was a comprehensive checklist that covers different stages of the supplier verification process. The team was able to leverage its global network of logistics and inspection specialists who can perform these checks locally to establish a simple yet robust process that enables safe, secure and reliable delivery of bulk medical equipment purchases. and health. Read on to learn more about the steps Alibaba.com Select has taken to ensure a smooth shopping experience for its customers.
- Checking basic information
This involves reviewing legal documents such as business registrations and tax information to verify that they are true and up-to-date, and that the business is in good standing. This multi-point checklist includes reviewing industry licensing qualifications, researching past litigation, and verifying background information.
- Sales history inspection
This examines the complete rolodex of sales and export agreements that the company in question has entered into. The team examines the supplier’s main geographic breakdown, monthly sales and export values, and much more.
- Review of production and R&D (Research & Development)
Alibaba.com Select sends a local team to carry out a rigorous inspection of the supplier’s facilities in person. There, the team ensures that the entire production chain and facilities, from raw materials to technology, are up to standard. Besides physical inspections, the team also reviews R&D testing capability, patents held, R&D engineers on site – everything down to the electricity bill.
- Tax Compliance Audit
Tax compliance paints the picture of a company’s legal status and reliability. This step in the verification process includes reviewing supplier invoices for raw materials and finished goods as well as input and gear ratios to ensure that financial risk is minimal.
- Quality Control
It is very important that the supplier has its own internal quality control mechanisms. Alibaba.com Select conducts a thorough review of the supplier’s quality management system, raw materials, legal certifications, and finished product quality checks.
- Intellectual Property Review
The Alibaba.com Select team reviews the supplier’s intellectual property (IP) management practices to ensure that the supplier has not committed any patent or trademark infringement in the past. The team checks the vendor’s brand certifications and clearances to ensure there is no intellectual property infringement.
Visit http://alibabaus.co/fime or email email@example.com to learn more today.
Alibaba.com Select will hold a stand at the next Florida International Medical Expo (FIME) 2022 at the Miami Beach Convention Center. stop Booth V57 speak with an on-site procurement expert. Register to attend for FREE at https://fimeshow.info/3vx6Rat For more information on FIME 2022, contact: firstname.lastname@example.org