Finding The Right Supplier For Your Business

Back in September I wrote an entry about the lack of any relationship between US buyers and their Chinese suppliers, which was causing concern when shipments were late or incorrect. However I recently was told about a business that was helping to make this a thing of the past. Panjiva is a company that is assisting US procurement professionals find foreign suppliers, where the vendor selection can be made using objective information.

Panjiva uses a wide range of data sources that allow them to rate suppliers. The rating allows buyers to compare potential vendors based on Panjiva’s weighted criteria. Once buyers have found a number of suppliers that fulfill their requirements, they can contact them directly. With the information they obtained from Panjiva, buyers can make a more educated decision regarding a foreign supplier.