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Tips for Building Good Relationships with Suppliers

When working with suppliers, it’s always useful to build up relationships in order to get access to the best deals. When it comes to maintaining these working relationships, there are a number of things that you can do in order to see it thrive and continue. Here are some tips for building good relationships with suppliers.

Keep up Communications

Communicating is always the best way of ensuring that no details or decisions get lost in the process of ordering from the suppliers. You want to continue keeping up with this communication at all times, and if you don’t use the supplier constantly, then checking in every few weeks to a month is a good way of letting them know that you’re still keen on them. A lack of communication in business and in general life is what leads to mistakes, and as a company, you want to avoid doing this. Show them your interest by staying in touch when you can.

Treat Them to Show You’re Appreciation

Showing your appreciation is important, and when you’re working with suppliers and want to get yourself the best deals possible, it’s good to give them a little treat when you can, and this could be in the form of a lunch meeting or dinner. If you don’t want to go splashing too much cash, then there’s always treating them to a hamper during the festive season. You can fill this with food and drink, and it always ends up going down well with clients. It’s just a small gesture, but it can end up adding brownie points to your relationship.

Pay up When Required

When it comes to money, it’s always good to pay on time. If you don’t then, it can strain a relationship with a supplier, especially when you’re leaving them out of pocket. It makes it worse if they’re a smaller business than you as it can often feel like you’re taken their offers for granted. This isn’t good for business nor for your reputation, so when an invoice comes in, you should be doing everything in your power to pay up when it’s required and due. If it’s a regular payment, then it’s worth setting up a direct debit so that it’s not forgotten about.

Allow Them to Make Money

We all want discounts on what we pay for, but that shouldn’t be expected from the off. You want the suppliers like, that you’re planning on working with long term to at least make a bit of money off you first. That will help solidify the relationship in their eyes as you’re not just jumping in and trying to secure some cheap supplies without giving anything in return. A partnership works both ways, and you can’t just expect something for nothing.

Building good relationships with suppliers will help when it comes to bringing in new work and sourcing new suppliers. After all, businesses talk, and word can soon spread if you treat others poorly.

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