To a large degree, your business success depends on your suppliers.

Having healthy vendor relationships and steady sources of supply is essential to your ability to control costs, satisfy customers, and offer a quality product or service. Vendors are your allies in business.

Strong vendor relationships can also help you to capture marketplace opportunities. According to a McKinsey report, companies that collaborate strategically with their suppliers enjoy profits 2x higher than industry competitors.

However, you can’t expect to enjoy a productive, profitable, and enjoyable buyer-supplier relationship without some effort by both parties.

Watch our webinar on-demand and learn how to strengthen your vendor relationships by:

• Writing up professional agreements & resolving issues immediately
• Paying supplier invoices on time
• Practicing open, two-way communications
• Using technology to improve the ways you work together