Your suppliers are critical to the success of your business. The object is to find good suppliers for online business and stick with them and there are things you can do to make sure that’s what happens, reducing your risk to finding yourself with a poor supplier. What is supplier capacity? First you must know what it is you need … Continue reading
Every business requires at least one supplier. Most require many. The quality of that supplier and the goods or services they provide will have a direct impact on your profitability. Today it’s much easier to find suppliers thanks to the internet. However, not all suppliers are legitimate so proceed with caution. These 5 things can help you choose legitimate suppliers. … Continue reading
No matter what type of business you operate, you’ll be building relationships with one or more vendors. These vendors are very important to your business and when done right over time you build long-term relationships that you come to rely on, which is why it is so important that you understand how mindset plays into your dealings with vendors. Depending … Continue reading
The internet is the most powerful tool any business today has at their fingertips, and yet it still remains under used. Those who recognize the potential that it offers are miles ahead of their competition. Not only is it an excellent tool for product and company promotion, it’s valuable when it comes to managing suppliers. You should be using B2B … Continue reading
Supplier management is not something many small businesses think about, at least initially. You likely purchased from a supplier because they offered the product or service you needed and had a good price. However, there is more to the process of managing suppliers than just this. Consider the success of your business if your supplier stopped providing to you or … Continue reading
Supplier selection and evaluation process is the primary activity of any business to leverage your productivity. Who you hire as a supplier is up to you and the speck of what the company can provide. You can decide to work with small and low cost suppliers, especially when your needs are very specific or the options are very limited. You … Continue reading
If you were to hire an employee, you likely would spend time interviewing and learning about the prospective employee before you actually turn your business over to that person. You should do the same thing, if not more so, with your supplier. Here are a few supplier evaluation criterias that you need to take into consideration when it comes while … Continue reading
One of the things that causes small business to stand out from large business is their inability to buy goods and services at the same competitive prices that larger businesses can. In the past, he who purchased the most received the best prices, and as result for the most part small business owners had a difficult time competing against their … Continue reading
