Supplier Identification

Supplier identification is the process of finding potential companies that can provide the goods or services a business needs. It involves researching and evaluating various suppliers to ensure they meet specific criteria, such as quality, price, reliability, and capacity. This step is crucial in sourcing and supplier management, as selecting the right suppliers helps ensure a smooth supply chain and supports the business’s goals. Effective supplier identification lays the groundwork for building strong relationships and maximizing value in purchasing decisions.