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New supplier on boarding is the formal recognition of a new supplier in your buying system and allocating the new supplier a supplier code - account number- loading of his products on your buying system, generating item numbers for new products listed for ranging, categorizing and merchandising.
Lesser risk to deal with an established supplier in the industry. When to have a new supplier on board , first and foremost important to qualify their product adhering all proceedures of supllier pre-approval,throughly. It is paramount imoortant. Then supply capacity and timing to ensure for uninterrupted supply to our customer. Defenitely commercial part of it is crucial and can be done for a win-win deal for both parties.
