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Vendor Credit Screening Procedures
CREDIT SCREENING POLICY FOR NEW PFP & IMPORTING VENDORS
For All Prospective Partners for Progress Vendors
Send the supplier PFP paperwork and vendor credit application
Once received, Vendor Relations will forward the credit application to Shelly Anderson (Credit Dept) to run an Experian report.
Vendor Relations will also check ASI ratings for promotional product suppliers and will note that score on respective vendor’s PFP contract.
Upon receiving a positive Experian report, Vendor Relations will enter the supplier on the vendor database and send them a Welcome Packet.
Upon receiving a negative Experian report, Shelly Anderson will run a D & B report on the supplier.
If the D & B is returned with a positive rating, Vendor Relations will enter the supplier on the vendor database and send them a Welcome Packet.
If the D & B is returned with a negative rating, Vendor Relations will notify the supplier in writing of our decision to decline their Partners for Progress participation.
For Importing Vendors
Send the importing company the vendor credit application, after confirming they have a US contact and will offer us open credit (no prepayments).
Forward credit application to Vendor Relations once received, and they will advise Shelly Anderson to run an Experian report. If the Experian report comes back inconclusive Shelly will run a D & B.
Upon receiving a positive credit report, Vendor Relations will forward Partners for Progress paperwork to the respective importing vendor. Once they receive the PFP contract, they will then enter the supplier on the vendor database and send them a Welcome Packet.
If a negative credit rating is received, Vendor Relations will notify the supplier in writing of our decision to decline their Partners for Progress enrollment.
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