Risks in the selection of suppliers and conclusion of contracts

The choice of a supplier is an important condition for the efficient operation of any company. The quality of the final products or services rendered, the work performed, as well as the final result of the company's activities, directly depends on how high-quality materials and goods enter the company, as well as on the timeliness of their delivery. The article considers the risks associated with the choice of suppliers and the conclusion of contracts in business. As part of the selection of suppliers, risks such as the quality of goods or services, reliability of supply, financial stability and reputation of the supplier are considered. The possible consequences of the wrong choice are described and recommendations for the analysis and evaluation of potential suppliers are offered.