Call: 0161 929 9909 - Email: steve@blairshepherd.co.uk

Get better deals from suppliers

How to negotiate with suppliers while keeping good relations.

At Blair Shepherd we can provide businesses in the Altrincham area with assistance and advice on a wide range of business issues. Here are some thoughts dealing with suppliers...

Are you reluctant to discuss your successes and failures with your suppliers? Do you worry that if they knew the facts they might change their perception of you and offer less favourable terms?

The truth is that most suppliers would prefer you to be frank with them and would be happy to work with you to adjust orders and deliveries accordingly. After all, they want your continued business and that depends not upon your buying more but upon your buying smarter.

Sit down with them as 'partners' and try to work out an arrangement that benefits both parties. Try to identify:

  • Products you can order in larger volumes in exchange for volume discounts
  • Orders you can discontinue because you can buy more cheaply elsewhere
  • Ways to revise delivery schedules to reduce your stock keeping costs
  • Opportunities to share marketing or promotional costs
  • Ways you can exchange information to improve efficiency at both ends

When it comes to building a market and servicing it, you and your suppliers are on the same side, so build a relationship with them that reflects that.

In a period of economic difficulty or uncertainty, remember that suppliers might raise their prices, so try to negotiate a long-term discount with them.

If you are in the Altrincham area and are looking for support and help from experienced accountants and business advisers, contact Blair Shepherd.

Have we convinced you yet?

Please feel free to get in touch via phone email or our quick contact form.

Copyright

© 2024 Blair Shepherd Accountants Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
0161 929 9909

Quick links

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

Address
Blair Shepherd Accountants Limited, 16A Regent Road, Altrincham, Greater Manchester WA14 1RP