Key Suppliers
A key supplier is a supplier that is critical to the success of your business. They may provide essential products or services, or they may be the only supplier of a particular product or service. In either case, it is important to have a good working relationship with your key suppliers.
There are a few things you can do to build and maintain a good relationship with your key suppliers:
1. Be clear about what you need from them.
Make sure you communicate your requirements clearly to your suppliers. They should understand your needs and be able to meet them.
2. Pay on time.
Suppliers are more likely to give you better terms if you pay on time. Prompt payment shows that you are a reliable customer who values their services.
3. Build trust.
If your suppliers trust you, they will be more likely to go the extra mile for you when you need it. You can build trust by being honest and transparent in your dealings with them.