#onboarding checklist

When you start working with new suppliers, supplier onboarding is an essential first step. The alternative is a stressful, ad-hoc process that could result in a breakdown of relations, loss of productivity, and lost income. Proper onboarding allows you and your suppliers to enter a business relationship with clear expectations.

Poor onboarding costs minimum $50,000 per hire factoring recruiting costs, advertising, training time, and replacement expenses. Wynhurst Group found structured onboarding increases retention by 58% after three years, while 31% without proper onboarding quit within first six months. Bamboo HR found 23% wanted clear responsibility guidelines and 21% wanted better training.