How a supplier selection is made using Alibaba Gold Supplier information?

The details provided by Alibaba.com for its Gold Supplier membership can be used for making a supplier selection, and managing risks only if the buyers know how to use the available information wisely. Know here how the Gold suppliers are scrutinized on the basis of the particulars in their profile. Here is a detailed overview of various particulars includes in a supplier’s profile. 

Date of Issue of the business’s license 

This section includes the issue date of the supplier’s/manufacturer’s license. Note that the business’s year of establishment and the license’s issue date can differ for various reasons. It happens in case if the supplier changes his business scope, address, etc.

The expiry date of business’s license 

It highlights the date expiry date of the business’s license. However, this is not given much information when selecting the supplier as the renewal is a quite simple process. The potential suppliers registered with Alibaba India can get their license issued any time. 

Company Name

Payment frauds are common. Hence, it is crucial for the buyers to transfer the money to the bank account of the beneficiary only in case if the name matches with the supplier name mentioned on Alibaba.com.

Registered Address

Most of the companies on Alibaba.com register themselves at a certain address, but conduct operations from another. The suppliers/manufacturers who subcontract orders aren’t considered authentic. The subcontractors tend to produce low and cheap quality items. For this reason, suppliers should be extra careful when it comes to mentioning their registered address. The suppliers should get themselves registered through Alibaba India Partner for easy proceedings. 

Legal Representative

A legal representative is a person who should sign the Sales Agreement and the Pro Forma Invoice for the dealings made on Alibaba.com. Documents signed by an employee of the supplier or a sales manager will be considered invalid.

Legal Form

Legal form highlights whether the supplier is in Sole Proprietorship or owns a Limited Liability Company. The latter is considered more stable comparatively. Most of the buyers give due importance to the Legal Form of a manufacturer/supplier.

The Final Say 

 It is important for the suppliers to include true information in their profile on Alibaba.com. In addition, they should hire Alibaba advertising India services for enhanced visibility of their profile on the platform.