How To Get The Best Value From Your Vendors
It’s been said that operating a business would be easy if it weren’t for employees, customers and vendors. The accompanying resource won’t solve all your problems, but it may solve one-third of them — and that’s not a bad start.
Whether you’re a small retailer or distributor business trying to forge better supplier relationships, or a Fortune 500 chain with complex order fulfillment (OT-IF) and vendor compliance requirements, this resource will give you important and specific tips for building a profitable relationship based on good business practices.
Just as your suppliers want to become highly rated vendors to your organization, the reverse is true as well – you want to become the favored relationship, as opposed to those who beat up their suppliers for every last advantage. Although you may not think about it this way, having a tremendous supplier base is indeed an important competitive advantage.