Online Supplier Profiles: The Benefits to Your Company and Supplier 

Ninety-five percent of buyers lack complete information regarding their potential supplier. This information is critical in today’s competitive manufacturing environment. Placing a supplier profile registry form onto your company’s website gives you a competitive advantage over others within the industry. This allows new suppliers to easily register a supplier profile, thus increasing the number of supply options available and decreasing the time required to find available supply options, which ultimately reduces cost.

Advantages of establishing online supplier profile registration system:

• Knowledge of new opportunities for sources of goods and services
• Side-by-side comparisons of suppliers
• A sense for the quality of work that can be expected
• Supplier history and reputation
• Suppliers can easily update their capabilities and contact information

Standard information on a supplier profile should contain:

• Federal Tax ID
• Certification information
• Universal Numbering System (DUNS) number
• Business Location
• Annual Sales
• Number of Employees
• Current and past clientele
• Ratings/awards from past clients
• Machinery available
• Process capabilities

The capabilities portion of the supplier profile form, should allow the supplier to specify industries supplied, the machinery they have available and a place for any additional information that the supplier believes would be important to the success of your business.

Online supplier profile forms are intended to allow the supplier to provide information regarding the range of products/services that they can provide. This information will enable your company’s procurement department to evaluate supplier qualifications as they assess their supply needs.