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The complicated issue of payment with a new supplier

20/10/2022
The complicated issue of payment with a new supplier
In the last newsletter, we discussed the importance of relying on an external test house to have inspections and quality checks performed in an unbiased and objective manner.
We left off, however, with the question of payment to a new supplier. Remember? Most, if not all, suppliers demand payment in advance, especially at the beginning.
The best solution to this type of payment would be to rely on an intermediary entity, a modern kind of “letter of credit” that safeguards and holds your money for you until you have verified the quality of the goods.
But activating this type of intermediary takes time, a lot of paperwork, and energy that you would usually devote to other activities. Time that you could invest in something else – like growing your business.
Besides …  who likes bureaucracy? For us at Electronic Partner it has become a profession! So why go through all those efforts yourself when you could put us to the test and save yourself the trouble…

Ask us for a quote at info@electronicpartnersrl.com

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