The relationship between a business and their suppliers is a key contributor on their efficiency and profitability. Finding a good supplier can be a challenge as you are required to check weigh different factors such as their prices, their stability, their reliability and as well as location. You can find suppliers trough platforms such as yellow pages and through their websites but it would be better to physically visit their premises. By visiting a supplier’s physical office, you can evaluate their supply capability and identify hoe serious they are with the business based on their office space investment.
One of the key factors to consider when finding a supplier is their price. All businesses need a low cost of production to have a higher margin. In an office set up cheaper cost of routine products such as printing papers reduce the operational cost thus increasing the profit margin. It is however important to note that the price should not compromise quality. Some supplier ma have cheaper prices because their products are substandard. Poor quality products leads to extra costs in returning the products or replacing them as well as the cost of the … Read More