Talking about the supplier network, the wholesalers are not the only ones we are talking about. The supplier network consists of all Wholesalers, Distributors, Vendors, and even Importers. Everyone’s playing a crucial role in this supply chain network.

Now as we all know any business cannot run without these networks, so it’s obvious that having a stronger relationship with your supplier will make it easier for you to achieve targets easily in whatever field you are in.  Here are some techniques through which you can actually make your relationship stronger and can get some more impressive outputs. 

• Maintaining Relationship

It depends on you, what kind of relationship you have with your suppliers. As they are your suppliers, you need to maintain a good relationship with them. The only way to do that is by avoiding conflicts on basic matters like payments. Make their payments on time, this is a good and healthy business sign. Even if in any case you are having issues in payments, address the real problem in front of them. Try to be transparent as much as you can and make sure that they are understanding your needs and requirements as a customer. 

• Creating Classification Of Your Suppliers 

If you are in a business that deals with multiple products, services and suppliers. The most common problem can be matching the wrong supplier to the wrong product or service.  Classifying your suppliers in this situation can be very helpful. Every supplier can have a different working state and classifying them into different categories according to the efforts or their work type regarding your products or services can give you better results than expected. 

• Evaluation Methods 

Evaluation is a very important term in any business. You can evaluate your supplier’s performance through various techniques available for us. There are many different types of software, system metrics, evaluation forms, and surveys that can also be done. The question is “who deals with your suppliers the most?”, If it’s you then you ought to adopt any of those techniques. In other scenarios, if you have a team working for you, you should ask them to rate. You can check if your suppliers are satisfying your customers or not. Different techniques may give different results in some cases but adopting one technique will definitely improve your work. 

• Levels Of Evaluation 

After classifying the suppliers, you can use the evaluation methods but after then you still have a big decision to make. It is important to recheck the result and review the relationship. You have to decide who can take this responsibility. Talking about the second level or third level suppliers, you can trust the team that is responsible for approving the suppliers. They can monitor suppliers’ performance. While evaluating the first level of suppliers, it is recommended to take valuable inputs of senior managers across the business as their statements can be highly valuable. 

• Healthy Relationship Gives Long Term Business 

If the suppliers are giving you good quality services, always try to appreciate them. If you are happy with their services, try to give them some extra business and let them know that you trust them. Mistakes can be done by anyone, even you. Always think twice before showing a red warning. If there is some mistake by the supplier, give them a chance to correct the problem. By helping them to improve their performance you will get loyalty and long-term trusted business relations. 

• Time To Switch 

While doing a business you cannot tolerate too many losses because of suppliers. If you think even after giving too many red warnings, the supplier is still not doing the job properly, then it’s time to switch to another supplier. Always try to work with those suppliers who have a similar vision and business goals as you have. 

By using these techniques, you can get better results in your business. Different businesses need different types of suppliers. Before starting a business with a supplier, always check to discuss with your seniors and terms if the supplier is suitable for your work or not. Choosing a bad supplier can affect your business to the core.