By Zac Johnson

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Maintain Positive Relationships with Key Suppliers

The best of the best companies will engage closely with suppliers even after a deal has been made and put into place. Even if it is a limited engagement, you will always want to maintain close ties with any and all of your suppliers in the case of an urgent last-minute request. Partnerships are based on mutual effort, so one side cannot be putting in more time or money while not reaping the same amount of rewards for such. Meaning that it wise to only go so far with suppliers who are not pulling their weight.

Pie chart on a stock chart with a budget

There are four primary goals that are emblematic of solid alliance management among your suppliers:

  1. Develop a way to ensure that your relationship stays beneficial to both parties.
  2. Provide the proper channels for dispute resolutions.
  3. Create symbiotic goals with the objective of attaining value for both sides.
  4. Ensure performance on both sides is measured and accepted.

Like any relationship, business partnerships take time, effort, and in some cases, money to maintain.

Govern the Supply Chain with a Council

Establishing a council that is designed to direct and help guide supply chain strategy is a priority often overlooked when developing this segment of your business. This idea is a concept that snowballed off of maintaining positive relationships with your suppliers. The membership of the council should include the executive in charge of the supply chain, as well as other

The economic climate of today is unforgiving to say the least. The rapid globalization of the world via the internet is forcing businesses to adapt or die. Which is a bit unfortunate for those who manage the many moving pieces of a supply chain, as you are likely dependent on other businesses in some fashion for your own personal success. Is this necessarily a bad thing? It can be, for those who are unable to eliminate weak links in their supply chain. Business is survival of the fittest and you are going to want to give your company the best shot by being educated on the best practices of your industry.

All supply chains are unique and there is no sure-fire way to guarantee success, but there are strategies that great managers employ to lay the foundations on the road to prosperity. Here are a couple game-changing best practices to stick to in order to keep your supply chain flowing smoothly.

Use Technology to Your Advantage

We live in a time when automated services are making nearly all sectors of our lives easier. Why should business be any different? The implementation of enterprise resource planning (ERP) software should be a high priority of any supply chain manager’s to-do list. The deployment of cloud ERP solution helps you eliminate wastes like redundancies in orders, duplicates, and various other human clerical errors. It also allows you to streamline the entire procure-to-pay process that is unique to your business. If you or your colleagues are feeling overwhelmed or burdened through manual tasks, it’s time to automate.

Maintain Positive Relationships with Key Suppliers

The best of the best companies will engage closely with suppliers even after a deal has been made and put into place. Even if it is a limited engagement, you will always want to maintain close ties with any and all of your suppliers in the case of an urgent last-minute request. Partnerships are based on mutual effort, so one side cannot be putting in more time or money while not reaping the same amount of rewards for such. Meaning that it wise to only go so far with suppliers who are not pulling their weight.

Pie chart on a stock chart with a budget

There are four primary goals that are emblematic of solid alliance management among your suppliers:

  • Develop a way to ensure that your relationship stays beneficial to both parties.
  • Provide the proper channels for dispute resolutions.
  • Create symbiotic goals with the objective of attaining value for both sides.
  • Ensure performance on both sides is measured and accepted.
  • Like any relationship, business partnerships take time, effort, and in some cases, money to maintain.

    Govern the Supply Chain with a Council

    Establishing a council that is designed to direct and help guide supply chain strategy is a priority often overlooked when developing this segment of your business. This idea is a concept that snowballed off of maintaining positive relationships with your suppliers. The membership of the council should include the executive in charge of the supply chain, as well as other corporate executives, managers, and other influential personnel.

    Supply chains typically come with enough bureaucratic red tape to fill an entire warehouse. Having a dedicated council strictly handling supply chain matters helps loosen the knots that can slow down your pipeline.

    Author information

    Zac JohnsonZac JohnsonZac Johnson is a online marketer with nearly 20 years of experience. You can view my personal blog at ZacJohnson.com and my latest blogging resources and tools at BloggingTips.com .

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