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Manage the risks of importing

As in the UK, you want to deal with reliable suppliers who can deliver what you want, in the right quantity and quality, on time:

Investigating suppliers' management systems can help reassure you about product and service quality. You also want to be sure that they follow ethical working practices - for example, your reputation could suffer if you buy from suppliers who mistreat their employees.

You may need to check where raw materials come from, particularly if you want to be able to claim a preferential rate of import duty.

 You need to know whether the supplier outsources any work to subcontractors. If so, you may want to assess these subcontractors as well.

 You should check that suppliers are who they claim to be. Frauds do occur in international trade.

Visiting potential suppliers is usually an essential part of supplier assessment.

Managing your suppliers

Dealing with the right supplier helps reduce the risks of poor quality goods or delivery problems. Even so, suppliers can fail to meet their obligations. Enforcing your contractual rights can be difficult, time consuming, expensive or even impossible.

Choosing the right payment method can reduce the risks and the consequences if things do go wrong


 

( liyy )24 Jun,2011

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Manage the risks of importing
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The Role of International Trade Terms
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Export Control Organisation and its customers