SWOT analysis to choose tempered glass suppliers
Tempered glass is now a common requirement to be installed in buildings. Today, many legislative bodies require tempered glass to be used for windows and other glass items in the home. Therefore, for merchants, the concern would be to locate tempered glass suppliers close to them. It is important for tradesmen to choose the right supplier to ensure a good profit margin and also the successful completion of a job. Therefore, some criteria must be worked out to select the best provider. As with any other business plan, the merchant must perform a SWOT analysis to choose the best tempered glass suppliers available.
The first step is to analyze the resistance of all available tempered glass suppliers. Their strengths can be characterized by their production time, shipping cost, the size limitation they have, the complexity of the shape they can produce, and also whether or not they have a free delivery service. This is a good basis for outlining the strengths of whoever is available.
The next thing is to outline your apparent weaknesses. Its weakness could be characterized by possible production delays, lack of projects in the pipeline, inability to produce complex shapes, limitations to small sizes, and also delivery and payment times. Some of them have very slow response time compared to others. To add to their downside, they sometimes include expensive shipping costs. All these are weaknesses that would be causes for not choosing a particular company.
The next step in vendor categorization is to list the opportunities that could arise from working with them. Perhaps by joining forces with a few tempered glass suppliers, your customer base would expand further. Perhaps, by being a loyal customer with certain tempered glass suppliers, you would enjoy loyalty discounts and other beneficial perks.
Finally, you should also list all the threats to your business by engaging with certain vendors. Threats can include loss of customers due to a poor reputation of the supplier, poor reputation due to low-quality glass installed, loss of revenue due to the supplier’s low production rate, and other threats that may occur.
Once you have carried out a SWOT analysis of all of them, the next step is to classify them accordingly. Once the ranking has been established, you could start engaging with the companies that rank highest according to your SWOT analysis. In this way, you make an informed decision when choosing tempered glass suppliers to supply this material for your construction project. In this way, your company has reduced risk and can enjoy various benefits.