Vendors and suppliers are very important for any business. This service provides a safe hand to build awareness and delivery of product or services to the customers and do add value to the business. All business should maintain good relationship with vendor and supplier and in long run without mutual benefit it never works. So, mutual benefit is necessary for building strong relationship. In this competitive scenario this becomes vital.
The foundation of good relationship depends upon Respect, Trust, Mutual benefits and Fairness from both sides.
There are many facts in a vendor and supplier relationship to getting the perfect deal.The facts are;
What is in it for me,
What is in it for our relationship for long run,
What do matters to my business,
Can they deliver at promised time or within time interval.