Prioritize reputable suppliers with verifiable Good Manufacturing Practice (GMP) certifications. This significantly reduces the risk of receiving substandard or counterfeit medications.
Factor in shipping costs, which can vary depending on the volume and shipping method. Air freight is faster but more expensive than sea freight. Expect to pay between $1 and $5 per kilogram for sea freight and $5 to $15 per kilogram for air freight, depending on distance and carrier.
Customs duties and taxes add to the overall cost. Research import regulations and tariffs specific to your location. These fees can be substantial and vary widely.
Employ a third-party inspection service to verify product quality and quantity upon arrival. This safeguard costs approximately 1-3% of the total product value but offers substantial protection against receiving faulty or inaccurate shipments.
Establish clear contracts outlining payment terms, delivery schedules, and liability in case of damage or non-compliance. This is critical for resolving disputes efficiently.
Understand potential delays due to customs processing and international shipping logistics. Build buffer time into your supply chain to mitigate disruptions.
Maintain detailed records of all transactions, including invoices, shipping documents, and quality control reports. This documentation facilitates efficient audits and supports any potential disputes.
Regularly assess your supplier’s performance, including lead times, product quality, and overall reliability. Consider diversifying your supply base to minimize risk from any single supplier.
Compare pricing from multiple suppliers before committing to a purchase. Be wary of unusually low prices, as these can indicate lower quality or counterfeit products.
