Monday, 9 December 2013

Forging effective partnerships


 
Over recent months the focus on the current economic background has tended to focus on the negative. However one of the benefits to have emerged from the current business climate is the value that can be placed on a mutually beneficial customer/ supplier relationship.

 

As increasing numbers of business operate on a just in time inventory basis it is essential that good understanding and clear communication exists between supplier and their buyer.

 

In as much as a supplier is prepared to go the extra mile to ensure that his buyer receives his goods on time and in good order so it behoves a buyer to ensure that he pays as required and is not abusing the goodwill of his supplier by “pinching” some extra period of credit.

It is a simple but effective quid per quo.

 

If parties work together in a professional and commercial manner it will strengthen the relationship and both will emerge from the current situation with a renewed confidence in each other and a better based business for the long term.

 

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