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Is there a weak link in your supply chain?(Credit Column)
The most successful businesses regularly review the quality of their professional relationships. "But this is so obvious," people say, "We understand what we have to do to be successful." Even though the basics may be obvious, how many of us are 100 percent successful? Are you reviewing the basics to ensure your success?
Let's see if your business is sweating the basics. If you purchase products for your business, it's a good idea to regularly review the quality of the relationships with your suppliers, making certain that they are closely aligned to your needs. In the quest for more business, you need to state the obvious to your vendors, telling them specifically what you expect from them. It doesn't hurt to emphasize how you plan on measuring their performance. This means that you should be having regular conversations with your vendors about the basics--are they meeting your requirements and making you happy?
Here is a basic seven-point measuring tool for evaluating a supplier's performance:
1. Quality products
2. On-time delivery and quality service
3. Competitive prices
4. Great communication
- Tight performances by suppliers mean business. (manufacturers ask fastener...
- Magazine article from: Purchasing Murphy, Elena Epatko November 21, 1996 700+ words
...That means more is asked of suppliers, but suppliers also have the chance to secure...business. "We count on a fastener supplier's core expertise," says...Charlotte, N.C. Preferred suppliers come equipped with electronic...
- There's more to the diversity buy than meets the eye: diverse distributors and...
- Magazine article from: Purchasing June 16, 2005 700+ words
...through diverse suppliers, then you should not be pursuing supplier diversity." The...direct from a diverse supplier that's partnered...Tier-two diverse suppliers provide office products...spending with MWBE suppliers. Corporate Express...Colo., grew its supplier diversity program...
- Compaq Refreshes Monitor Family to Offer Increased Performance and Ease-of-Use...
- Press release article from: Business Wire October 21, 1996 700+ words
...of-use features at highly competitive prices. The Compaq P70, a 17-inch...Compaq. "As the number one supplier of branded monitors worldwide...innovative features at fiercely competitive prices which others in the industry...
- AUSTRALIA OFFERS LNG AT COMPETITIVE PRICES (to India, to enable it to meet its...
- News wire article from: Asia Africa Intelligence Wire October 7, 2002 700+ words
...coast gives it a price advantage over suppliers from the Gulf region. She added that...the former is seeking a reliable LNG supplier, the latter is expected to source LNG...India offers a huge market for LNG suppliers, as against a total estimated demand...
- Genesisautoparts.com - High Quality Radiators and Condensers at Competitive...
- Press release article from: PR Newswire December 19, 2008 700+ words
...modification. Genesisautoparts.com is a factory direct supplier and thus can pass the savings to their customers. The company...of wider years, make, and model spectrums than most other suppliers. With thousands of parts in stock, chances are if you can...
- Ample supply, competitive prices spell buyers' market.(Office Furniture)
- Magazine article from: Purchasing Avery, Susan September 18, 2003 700+ words
...order. Other trends in office furniture purchasing include a move to bundle products and services in an effort to consolidate suppliers. Manufacturers continue to design furniture that meets buyers' environmental and technology needs. At NeoCon, the industry...
- QUALITY PRODUCTS AT COMPETITIVE PRICES (Navaratna Fasteners makes stainless...
- Magazine article from: India Business Insight October 31, 2005 700+ words
(From India Business Insight) Navaratna Fasteners, a group company of Navratna Metals and Alloys, is a manufacturer, supplier and exporter of all types of stainless steel raw materials for sectors such as telecom, construction, engineering and automobiles...
- Compuware to Use Tough Competitive Prices.(Knight Ridder/Tribune Business News)
- Newspaper article from: Knight Ridder/Tribune Business News Bennett, Jeff September 28, 2000 700+ words
...Hakala said. Although Compuware has missed analysts' earnings estimates for the last two quarters, the software maker and supplier of information technicians continues to post strong revenues. For the quarter ended June 30, the company reported revenues...
- Fair to shine through gloom Record number of exhibitors expected as innovative...
- Newspaper article from: South China Morning Post March 4, 2009 700+ words
...be a lot more aggressive and really want to meet buyers. Suppliers will be eager to please so prices will be competitive and...them to source new stock." Mr Ma said that designers and suppliers needed to be more inventive and price conscious to grow the...
- Winnov Announces New Competitive Prices for Its PC Desktop Videoconferencing...
- Press release article from: Business Wire December 4, 1996 700+ words
...In a move to offer the highest-performing videoconferencing technology at the most competitive price, Winnov, a leading supplier of PC multimedia products for the Internet/Intranet videoconferencing, web authoring, and Internet phone markets, today...
Source: HighBeam Research, Is there a weak link in your supply chain?(Credit Column)