Business is a complex thing, and a lot of different parts have to come together to give you a whole that you can be proud of. That means, as a business owner, you can’t ignore some elements of business to focus on others because everything is just as important as everything else.
So, of course, you’ll need to carefully consider your suppliers; they’re part of the business and can make a big difference in the overall scheme of things. With that in mind, here are some of the reasons why good suppliers are good for business so you can ensure you consider exactly who you’re going to use, and why.
Photo by Artem Podrez
Quality And Consistency
When you have a good supplier with a great reputation to rely on, you’ll be able to count on the quality and consistency of their products - that means there’s less chance of having to send anything back, and it also means that when you sell things on to your customers, they’ll be happy with what they’ve bought and there’s less chance of any returns and refunds.
Even if you’re not selling the products on, but using them in your own business for your own needs, such as if you needed an industrial metal supply, you’ll still want the quality and consistency that your customers ask for and deserve. Again, good suppliers can make all the difference, giving you one less thing to think about so you can focus on your business and not sub-par products.
Good suppliers can often offer competitive pricing for the materials and resources they provide. By building strong relationships with these great suppliers, you can make a lot of savings for your business through bulk purchasing, better contract negotiations, and simply getting favourable terms because you’re polite and have a good relationship - it can often be the little things like that that work best when it comes to working well with suppliers.
When you can save money on what you’re buying from your suppliers, you can make more profits, or you can lower your prices to customers and sell more at a lower price. You’ll need to work out what’s best for your business and your bottom line, but in either case, having a good supplier means cost savings.
When you order something, you want it as soon as possible, in exactly the same way as your customers will want the things they order from you. Sometimes those two things are connected, especially if you don’t hold much stock or you’re running a drop shipping company.
With good suppliers who make timely deliveries, you’ll never need to worry about not getting your goods when you need them, and you’ll be able to get on with projects and work or send deliveries out to your customers without any problems. It’s not always great to have to rely on others when you’re in business, but if they’re a good supplier that keeps their promises, it’s not a bad thing at all.
Bicycle delivery Image by Sergio Serjão from Pixabay