Good relationships always make things easier, it’s important to have good working relationships. Many firms not only compete for customers but increasingly compete for suppliers. Supplier satisfaction is a necessary condition for gaining and maintaining access to capable suppliers and their resources in this new competitive environment. Let’s have a look at some tips on building a good relationship between buyers and suppliers.
Communication
All good relationships depend on open, honest communication. Understanding of differences in needs and show of affection and respect. Effective communication throughout nurture of the fire and passion in each other, ignore trivia and negativity. The better and more effectively you communicate with those around you, the richer your relationships will be.
Mutual Respect
A mutual appreciation and willingness to consider the needs and opinions of the other party clears the ground for suppliers and buyers to work in ways that maximize the interests of both. Respect each other, you can develop solutions based on your collective insight, wisdom, and creativity.
Openness
An essential part of effective relationship building is being open and honest with one another. Sharing information and being transparent about intentions and goals again increases the likelihood of reaching agreements that benefit everyone.
Mindfulness
Being a faithful person, doing a credible job. People who are mindful are careful and attend to what they say, and they don’t let their own negative emotions impact the people around them. This means taking responsibility for your words and actions.
Fairness
Business relationships break down when one party or the other feels they are not getting a fair part of the bargain. Ensuring all benefits are split straight down the line is crucial to making a “You scratch my back” approach work for all involved.
Honesty
Honesty is the key to life, feel safe and comfortable is one main factor ensuring a good relationship. The wise adage “Honesty is the best policy.” is another most significant element in maintaining a good relationship.
Flexibility
Very rarely do two organizations strike the perfect accord straight away. Sometimes, it’s important to listen to others, because you can learn about new ideas and opinions from them by listening. Strong relationships take time and a willingness on the part of both parties to listen, adapt and embrace innovation as a means of improving. To make a relationship successful, you need to be prepared to change the ways you work to accommodate the other party.
Trust
This is the foundation of every good relationship. All of the above help build trust. Trust is the cement that will hold a strong relationship together, affording suppliers and buyers the confidence in one another to seek innovative ways to working and problem-solve together. If you trust the people you work with, you can be open and honest in your thoughts and actions, and you don’t have to waste time and energy “watching your back”.
