5 steps to improve your relationship with your suppliers:
- Promote integration
- Planning
- Be aligned
- Strategic choice of suppliers
- Have a suitable partner
Why is the purchasing sector so strategic?
In an increasingly competitive world, companies need to act strategically , maximizing activities that directly affect productivity and business profitability. Each action is placed under a microscope to assess its viability and the return it can bring.
When it comes to cutting costs and reducing expenses, the effective management of the purchasing department, linked to the use of new technologies, can guarantee very positive results, whether by guaranteeing the best prices in the purchasing process or by improving the performance of the sector.
In addition, lower purchase prices directly impact the final price of the product, increasing the company’s competitive advantages. Therefore, the evaluation and negotiation strategy with suppliers must be in line with the organization’s objectives, so that it is possible to project profit margins and establish attainable goals.
