Maintaining Positive Relationships With Service Vendors: 5 Expert Tips

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When it comes to your business, allying with service vendors can be an incredible way to unburden yourself and your team, permitting you to concentrate on the essential elements of operations. However, if relationships aren’t properly managed and maintained, these partnerships could backfire due to miscommunications or misunderstandings. Knowing how to effectively foster positive relationships…

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5 Benefits Of A Vendor Contract Management System

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In today’s business landscape, third-party vendors play an increasingly critical role in delivering products and services. However, managing contracts with multiple vendors can be a complex and time-consuming task that requires specialized knowledge and skills. This is where a third-party vendor contract management system comes in. In this article, we will discuss the benefits of…

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6 Ways to Ensure Effective Vendor Management

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When outsourcing was initially introduced to the corporate sector, it was revolutionary. Fast forward to the present time and outsourcing is a standardized process for businesses. If you look at current job openings in the Tech sector, companies like InstaCart, Facebook, or even Robin Hood show the need for a skilled Vendor Manager to manage…

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Are You Still Using the RFP?

Since the beginning of modern business operations the Request for Proposals was king. As one of the only ways of reaching new vendors and partners, corporations relied on this traditional tried-and-true method as an industry necessity. Today, 95% of companies still use RFPs, but it seems more out of a lack of other and more…

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Become a Partner, Not a Vendor

I know very few businesses that aren’t looking for additional sales. Ninety-nine percent of the time, those businesses identify potential customers and then woo them until they either buy something, tell them to go away or they get busy enough that they go back to ignoring the prospects. Without a doubt, we need to chase…

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How to Pitch to a National Chain

Sam’s Club’s “30 Minutes to Win It” event is a way for small vendors to get in front of some of the most important buyers in the world. It started in 2014 and saw tremendous success. I attended the next year. Below is an account of our experience there, as well as how you should prepare…

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4 Creative Ways to Make Customers Come to You

How can you raise your company’s brand awareness, increase sales, and reduce business risks, all in one fell swoop? Think outside the box to scale your distribution channels. Instead of finding ways to get more customers to come to you, figure out how to get your products or services to reach more customers.
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