Vendor's Selection & Onboarding

The Yunica Retail is cautious and careful while choosing vendor or supplier for specific product categories. Though it would be nice to work with as many vendors as possible without prejudice, but we try to limit ourself and maintain a preferred vendor list for each product category.  

BUSINESS-TO-CUSTOMER

Our company applies a set of well-defined business principles, policies, rules, standards, and guidelines for selection of product vendors, suppliers, or distributors prior to engagement. Therefore, we look into following factors at least.
  • Vendor's Market Reputation (i.e. perceived brand value)
  • Vendor's Product Portfolio  (i.e. range / choice)
  • Standard Operating Procedures
  • Payment Terms & Conditions
  • Standard Credit Policy
  • Payment Refund Policy
  • Product Return Policy
  • Goods Recycling Policy
  • Local Distribution Footprint
  • Promotional Activities / Events
We conduct independent background verification either directly on our own or engage a third-party entity to do the same on our behalf.

BUSINESS-TO-BUSINESS

Our company follows a thorough evaluation process prior to selecting a vendor to work with us for marketing, sales, and distribution in a B2B model. Therefore, we look into following factors at least.
  • Organization's Structure
  • Company's Legal Documents
  • Tax Compliance - Local & Overseas
  • Licenses / Authorization to engage into business
  • Financial Health Check
  • Pricing Stability Index of vendor's products
  • Payment Terms & Conditions
  • Standard Credit Policy 
  • Payment Refund Policy
  • Product Return Policy
  • Product Repackaging Policy
  • Goods Recycling Policy
  • Review of Business Processes
  • KPIs / KQIs / SLAs
  • Contract Agreement (e.g. Distributorship, Super Stockist)
We conduct independent background verification either directly on our own or engage a third-party entity to do the same on our behalf.

Please feel free to contact us directly, if you have any queries further.