The No.4 thing you can compare among the last suppliers is the lead time, which means after you place the order, how long it takes to produce and get all products ready to ship.
In most cases, if you place an order of thousands of dollars to the supplier, they’ll need 20 to 30 days to start a new production process. But the lead time depends on product category, the production capacity of the manufacturer, and their production schedules.
For apparel, including lingerie, the lead time could last 40 to 60 days. There are lots of time-consuming steps, such as sourcing fabrics and accessories, and dyeing products. And if you need to create molds for customizing products like plastic products, it takes 20-30 days just to have the mold created.
So if you have several supplier’s options, their prices are similar, then it’s better to choose the one that has a shorter lead time. Maybe their production capacity is bigger, or their production schedule is not very full yet.
Especially if you are purchasing trending products, such as the fidget spinner or hoverboard years ago. You’d better choose those suppliers who can deliver products right away, even if the price is a lot higher. Because one of the key points to making profits with trending products is to take action as fast as possible. If more and more people realized the opportunity of this product, it would be too late to start selling it.