Vendors are your security blanket when it comes to offering products to your customers. They are there when supply and demand rises, offering the products in a timely fashion and at the best prices so your company can stay in the black when it comes to operational expenses and sales profits. Building on a strong vendor relationship allows you to define the expectations you will have with the vendor and successfully manage your sourcing so those products flow unimpeded to their final destination.
Strengthening your vendor-supplier relationship is paramount to your business. It allows you to select the right supplier, get products at the right costs, and avoid questionable vendors that can compromise your supply chain.