Fashion
When it comes to developing professional relationships in business, good customer service is often at the forefront of efforts. Remember that suppliers are also a fundamental part of your enterprise process. They should never be overlooked. Establishing strong relationships with them is necessary to keep your business operations in check.
If you’re partnering with local suppliers, the challenge isn’t as great as working with overseas ones. There’s a lot more that comes into the picture with overseas suppliers, given how you may not be able to physically interact with each other, or, in even more difficult situations, you may speak a different language, along with respecting differences in business practices like understanding how to pay China suppliers, among other concerns. It’s therefore very important to master the tricks to overcome those challenges to turn them into positive opportunities for your business.
Today and moving forward, you can break cultural and geographical barriers by learning how to develop and maintain better relationships with your overseas suppliers.
Have A Well-Drafted Supplier Relationship Agreement
Because what you’re entering into is a professional business and contractual relationship, it’s a must to have a contract that binds both parties. This is a non-negotiable requirement as it lays down the rights and obligations of each party. In case of a dispute or breach, matters can be laid down legally in court with the contract as the basis. This contract prevents any confusion or unsupported allegations.
Understanding your rights and responsibilities can help form the foundation of good relationships with your suppliers. This ensures both parties are on the same page as to expectations. Otherwise, any confusion or doubt will put your professional relationship on the rocks, negatively affecting your working relationship and your respective businesses.
Create Channels For Consistent Communication
Like any professional relationship, communication is very important. The fact that your suppliers are overseas shouldn’t be a hindrance to establishing good communication. Technology has now paved the way for the presence of reliable communication channels which your business can use to your advantage.
With that, select the app or medium of communication that works best for you and your supplier. Don’t simply rely on email and phone texts, as those may be inefficient when dealing with overseas communications. Some apps allow you to make calls for free, even when you’re in geographical distances, for as long as there’s a stable Internet connection.
Signing up for these apps may be what your business needs to level up smooth and real-time communication with overseas suppliers. By doing so, any problems can be dealt with promptly. Moreover, important discussions are also completed ass soon as possible.
Be Respectful Of Your Suppliers’ Time
No matter how your suppliers would love to communicate with you, this doesn’t mean that their lines are open for you to reach 24/7. You still have to learn to respect each other’s boundaries, especially time.
This starts with ensuring that you always consider the time difference when setting up meetings or making calls. It doesn’t matter what time it is in your local area. You need to reach your suppliers, so be mindful only to call them during their appropriate business hours.
Along this line, you have to follow other time-related principles of respect on top of not making any calls beyond office hours. For instance, never send an urgent email at 4:45 in the afternoon on a Friday. Don’t expect them to be available over the weekend to respond to that and then make a big fuss if the supplier was offline during the weekend.
Always Pay On Time
Nobody appreciates a business partner that cannot pay on time and as agreed. It’s a sure way to disrespect your supplier.
To avoid this, always be clear about the forms of payment as well as when and how to pay. This prevents miscues on payments even as you meant well to pay.
Moreover, ensure your finance and accounting systems are sound enough to meet the demands of supplier relationships. Let the departments concerned know about payment means and schedules so that funds can be released on time.
Takeaway
Running a business also means dealing with many stakeholders, like your suppliers. Depending on the type of products and services you’re selling, some businesses may have even more suppliers than others. Whatever situation applies to you, what matters the most is that you know how to foster and maintain a good relationship with your suppliers. It’s not easy to master and get done overnight, but it’s also not impossible to learn. The tips above give you that boosted start.
