Forkids Business Guidelines

Many companies usually treat their suppliers and competitors to whom they must be pressed to lower their prices and accept all their demands.

By reducing its prices or accepting the demands of their customers, suppliers reduce their profit margins, which eventually ends up hurting your economy, for example, in an effort to reduce costs, reach lower the quality of products they supply.

On the other hand, if companies treat their suppliers as partners and would support them to become more competitive, providers would be more effective in their delivery, could provide better quality products may be more financially solvent and provide greater ease of payment may be more flexible and better meet their needs, etc.

So before you treat our suppliers and competitors, we should treat them as partners and allies, and seek to establish a mutually beneficial relationship where both create value and win, it’s much better to a relationship where we win and they lose .

Some ways to create a mutually beneficial relationship with our suppliers:

* Maintain good relations: treat courteously, promptly comply with payment, to invite them to activities or events of the company, etc.
* Establish good communication and coordination: establishing appropriate communication channels, make orders in advance, anticipate and resolve problems together.
* Engage in the plans of the company: to make known the objectives of the company, design a joint planning, inform future requirements.
* Engage in the business process: let you know the processes of the company; ask for suggestions to be more efficient.
* Encourage them to improve their processes, encouraging them to implement continuous improvement programs, help them become more efficient.
* Encourage them to improve their products, encourage them to implement higher quality control, assist in product design.
* Help them reduce their costs, tell you about some specifications that could change in their products (for example, measurements or sizes), or some accessories of the product which could do without (e.g. frills).
* Develop joint strategies: strategies for sharing knowledge and resources, and aiming at obtaining improvements and development of both.
* Keep abreast of market changes; keep abreast of changing needs, preferences and tastes of consumers.
* Give feedback; provide information on final consumers on their impressions, opinions, etc…

As a final note, we note that there is always advisable to seek a mutually beneficial relationship with our suppliers, because we must first consider a few things, such as the size of the provider, the number of clients you have, if they have the same aspirations for growth that we, if improvements gain additional benefit to our competition.

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