Suppliers are among the issues that most disturb business owners\u2019 sleep: how to choose the most suitable suppliers and how to maintain good relationships with them. If these issues are a concern for you, read on because in this article we will give you answers.<\/p>\n\n\n\n
Your choice of suppliers will largely determine your inventory control (and the quality of your products) and, thus your ability to establish competitive prices so that your customers will continue to buy your products.<\/p>\n\n\n\n
In both cases, you need to partner with the right suppliers in order to guarantee that you have the quantity of products needed to satisfy demand and that you will reach agreements that benefit both parties.<\/p>\n\n\n\n
Learn more about these 2 topics with our recommended articles:<\/p>\n\n\n\n
Now let's get down to business.<\/p>\n\n\n\n
According to Espacio Food & Service, there are 4 types of suppliers:<\/p>\n\n\n\n
These are companies that sell their products through representatives. Their prices are usually the lowest (as long as you buy in volume and the location does not raise shipping costs).<\/p>\n\n\n\n
These are wholesale companies that buy from various manufacturers and then resell the products to retailers. In this case, they have the capacity to supply several products at the same time, which reduces shipping costs.<\/p>\n\n\n\n
In most cases, they are small manufacturers or artisans who sell their products directly, without any intermediary. They usually offer exclusivity agreements on their products.<\/p>\n\n\n\n
They work in much the same way as distributors, except that in this case their product portfolio comes from abroad.<\/p>\n\n\n\n
While cost is obviously a key criterion, there are 4 aspects that you should take into account when choosing a supplier, according to Fundaci\u00f3n Banigualdad:<\/p>\n\n\n\n
We recommend that you always have more than one supplier for each product, so that you will always have a \"plan b\" in case something goes wrong.<\/p>\n\n\n\n
Do you already have a virtual payment provider? Learn more about the amiPASS solution.<\/p>\n\n\n\n
It's not enough that you know how to choose the best suppliers; you also need to maintain good relationships with them.<\/p>\n\n\n\n
To do so, follow these tips:<\/p>\n\n\n\n
As you can see, the secret to choosing a good supplier is to know what to expect from them, because there are differences in how you need to deal with a distributor, a manufacturer, an importer or a small producer.<\/p>\n\n\n\n
Once you decide what type of partner you need, choose 2 or 3 that meet the criteria of cost, speed, attention, efficiency and quality. Finally, nurture the relationship with clear and transparent communication.<\/p>\n\n\n\n
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