In today’s economy, resources are limited – and that includes the shrinking pool of elite suppliers who can make or break your organization’s brand and product standing. More than ever, businesses must work to earn their spot on a short list of preferred customers to the best and brightest in the market. With the right partnerships, your organization stands to learn, grow, and evolve into your next big opportunity.
This whitepaper by Intelex explores the following 3 tactics that are critical to a successful supplier partnership:
Openly sharing information with suppliers will not only help you pivot from a vendor to partner relationship, but also encourage collaboration, innovation, and productivity.
Invest in suppliers the same way you would your internal employees. Understanding what motivates, incentivizes, and drives suppliers will allow you to maximize on their potential and jointly grow your partnership.
It’s hard to fix problems you can’t easily see or measure. The full potential of supplier programs cannot be fully realized without the help of software tools to measure and track their success.
To learn more about successful supplier partnerships, read Intelex Technologies’ white paper, “Be the Customer of Choice: How to Get Suppliers Working with You, Not Against You.” Read it here.