The systematic process of identifying, evaluating, and qualifying new suppliers to meet specific procurement requirements.
Supplier discovery is the systematic process of identifying, researching, and qualifying new suppliers to meet specific procurement requirements. It is the critical first step in any sourcing initiative and directly impacts the quality of the supplier shortlist.
Traditional supplier discovery relied on trade shows, referrals, and manual research. Modern approaches use digital platforms, AI-powered matching, and verified supplier databases to accelerate the process. FindMyFactory is purpose-built for supplier discovery in manufacturing — connecting product companies with qualified factories based on capabilities, certifications, geography, and industry specialization.