It is important for businesses to vet their textile suppliers in order to ensure that they are
getting the best possible product at a fair price, and that they are not supporting
unethical or unsustainable practices. We provide this on ground facility to our partners.
Having experience in the area of sourcing and manufacturing for more than 20 years,
we are quite aware of all the textile market players in Pakistan and Bangladesh.
The areas that we critically evaluate during the vetting process are:
- Capability: Assessment of the right product placed to right supplier is key. We gauge this through critically analyzing the in-house production facilities and then linking it back to the relevant product offers that a supplier is presenting. Our experience and analysis is directly provided to our customers. It includes assessment and our recommendations for that supplier.
- Supply Chain: It’s important to track the entire supply chain of a factory. This includes determining what is being done inside the factory and what it procures from outside. The Inside part is covered in the capability section, while the outside procurement is assessed on the basis of how reliable its partners are? This may include Fabric suppliers, Packaging suppliers and trims suppliers. We also help identify good sources all around the textile processes wherever required in the Supply Chain. We have inroads with specialized fiber suppliers, yarn and fabrics manufacturers as well as specialty chemical suppliers.
- Quality: The supplier's ability to consistently meet quality standards. This could be assessed by reviewing quality certificates, conducting product testing, or visiting the supplier's facilities. We assess if their internal QA systems are in-line to fool-proof any defects from making it to the final inspections.
- Reliability: The supplier's ability to meet delivery deadlines and production volumes. This could be assessed by reviewing the supplier's delivery history, conducting credit checks, or speaking to other businesses that have worked with the supplier.
- Financial stability: The supplier's ability to withstand financial shocks without defaulting on payments. This could be assessed by reviewing the supplier's financial statements, conducting credit checks, or speaking to the supplier's bank. Or through market intel.
- Risk Assessment: Based on any demand from our customers we also work on pointing out any Risk factors that we deem should be informed back. It helps pre-empt and work to mitigate such risks. For example, Disney allows production in Pakistan to manufacturers by approval system of Better Works, but it didn’t give any info on doing the same with the packaging supplier. The Risk here is you will have a manufactured garment / bedding but no packaging. Including an approved packaging supplier from China or getting temporary approval from Disney from the start will be mitigating the Risk.
