5 reasons to pay your suppliers on time
Delayed supplier payments continue to plague the supply chain, particularly smaller players. Unfortunately, the global pandemic has only worsened this pain point. According to WSJ, large U.S. companies took around 58 days on average to pay suppliers in the first quarter of 2021. That’s a 5.5 percent increase from 55 days last year. A common reason for late supplier payments is inefficient […]
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How to foster mutually beneficial business relationships with suppliers
In a rapidly changing supply chain where businesses have been faced with significant challenges, it is vital for companies to nurture authentic and mutually beneficial relationships with their trading partners. The term “mutually beneficial” is core to a successful partnership and helps to ensure that both parties are committed to the arrangement. The essence of anything “mutually beneficial” is that both sides are […]
Featured article: How special pricing agreements can strengthen supply chains
Andy James, Director of Product Strategy has written an article for Supply Chain Brain on “How special pricing agreements can strengthen supply chains”. Special pricing gives manufacturers and distributors an incentive to work closely together in their sales and marketing efforts. Special pricing agreements are powerful tools that allow manufacturers and distributors to manage complex […]
5 ways a rebate management system can reduce supply issues in the construction industry
Since lockdown began construction industry projects have surged meaning building materials are running short in the UK, leaving DIY projects in doubt and building companies under pressure. The Construction Leadership Council has warned that cement, some electrical components, timber, steel and paints are all in short supply. Weather has also played a factor, for example the winter storm […]
Benefits of expanding your supplier base
All suppliers whatever their size carry risk, but more businesses are starting to expand their supplier base. In this blog we explore all the benefits.
Supply chain lessons learned in 2020
Here are some supply chain lessons that we can all take away from the pandemic to mitigate risk and ensure resilience for the future.
Supplier vs vendor: what’s the difference?
We explain in this blog the differences and similarities between suppliers and vendors in the rebate and supply chain world.
Why supplier collaboration is the key to success
For businesses to achieve success it's crucial for supply chains to be at their strongest. We explore why supplier collaboration is key to their success.