Business and supplier relationships are built on trust. Losing a supplier might be a big setback for any company, however with some time and effort broken supplier relations can be rekindled, which is profitable to both parties. Buyer and suppliers share a symbiotic strategic relationship. Undertaking of any big project is a mighty task, which…
How to Improve Supplier Relationship & Performance
Procurement companies and professionals alike are always hunting for techniques to review, concretize & improve upon relations with their suppliers. The flipping of a calendar year provides a good opportunity to evaluate supplier performance in order to have seamless coordination whole year long. Nowadays, there are a number of ways to collect feedback. However, the…