Supplier Management – ​​Is it time to reevaluate your operations?

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Are your suppliers able to fulfill the agreements signed with your company?

Regardless of the size or segment of your business, access to raw materials, supplies and services requires the same attention as the sales process. If the supplier is experiencing financial difficulties or has suddenly changed its line of business , you need to be alert!

In this content, we bring you some tips to help you monitor and analyze these significant changes, and, therefore, reduce the risks of your operations. Enjoy your reading!



Multiple needs in an integrated process

Supplier Management encompasses several vnpay database and needs of a company, whether it is focused on the production of goods or marketing to the end customer. Therefore, within the concept we find, integrated, the management of purchases, inventory , logistics and sales.

The important thing is not to lose sight of any part of the planning. The types of partner suppliers may vary according to the size of the business, but we highlight:



Inputs: Substances, material or natural resources, perishable or not, used to produce a certain product.
Products: Especially in the retail sector, access to manufactured products is an essential part of inventory composition . They can serve as inputs, for the company's own consumption, or for resale.
Services: These suppliers can be other companies or individual entrepreneurs, for example. The relationships can be temporary or long-term, depending on the need. And there are many areas in which to work: transportation and logistics, food services, cleaning and security are some of the possibilities.


Regardless of the method you use to negotiate (often, all of them), one thing is certain: a good relationship between a company and its suppliers is essential for commercial success. There is no financial health without a solid bond between the two parties!



Mutual cooperation

In this process, maintaining excellence in negotiations is not just a necessity, but a mutual responsibility between the company and the supplier!

Imagine the following scenario: after making an effort to close a deal with a customer, you are unable to deliver the product within the agreed deadline. The reason: the supplier was unable to fulfill the contract signed with your company – whether due to the deadline, incorrect quantities, or even the quality of the input.

This is a serious problem that can impact your entire sales operation ! Not having the necessary product on hand or losing production capacity are obstacles that no company wants to face!

Therefore, relationships with suppliers also involve constant evaluation of operations and monitoring of partner activities. You need to find those that best suit your needs and business objectives!







Supplier Monitoring: How to do it?

No entrepreneur wants to only become aware of a problem after it has happened, right? You need to think ahead and have well-established strategies to act safely, regardless of the scenario!