Teamwork: The Importance of Building Strong & Positive Relationships with Your Suppliers

How well do you know your supplier? What are the advantages of having a good working relationship between your company and your supplier? Do you interact regularly and communicate effectively? Naturally, having a solid partnership with your supplier will affect your company’s aspects such as product quality, competitiveness, company finances, and technological advances – but how? Additionally what many companies don’t realize is the value of maintaining strong, positive relationships with their suppliers, may strongly decrease the chance for complications in the long run. So, what are the benefits?