How to strengthen supplier relationships during tough economic times
Tough markets can tempt firms to tighten payment terms, but that usually weakens trust. To strengthen relationships with suppliers, businesses need clearer communication, fairer timing and a more joined-up approach ... Strengthen supplier relationships during tough economic times to maintain a strong and reliable supply chain When the economy turns uncertain, many finance teams focus on protecting business cash flow, but the sharper question is how to do that without further damaging the people and companies further up the supply chain who keep operations moving. The smartest firms treat their suppliers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Would you like to know more? |
If anything I've written in my blog post resonates with you and you'd like to discover more of my thoughts about how to maximise supplier relationships, then do call me on 01908 774320 and let's see how I can help you. Don't forget to stay updated with our daily social media posts on Facebook. |
Share the blog love ... | |||||||||||||||||||||||
#ToughMarkets #PaymentTerms #SupplierRelationships #ClearCommunication #FairTiming #SupplyChainResilience |
About Roger Eddowes ... | ||
|
More blog posts for you to enjoy ... | ||
 | Why new business ideas keep emerging in the pub Young people are still finding new business ideas over a pint, and it makes sense. The pub's relaxed setting encourages honest chat, informal networking and the sort of business conversations that can lead to real plans ...... | |
 | Close companies face additional reporting and compliance Close companies face additional reporting requirements as HMRC seeks more details on transactions with 'participators'. These changes aim to boost compliance, visibility, and close gaps in Corporation Tax, potentially impacti... | |
 | HMRC receives over 25,000 winter fuel payment scam reports HMRC has seen a sharp rise in reports of winter fuel payment scams, with pensioners being warned to ignore messages requesting repayments or bank details. The recovery process is real, but the winter fuel payment scam is simp... | |
 | Thousands of taxpayers are missing out on tax refunds Many people miss out on tax refunds because they haven't taken the time to review their tax details after a job change, a pension update, or a coding mistake. A quick HMRC refund check can help identify any overpaid tax and s... | |
 | Now the State Pension age is rising to 67, what will you get and when? The State Pension age is increasing to 67, meaning some individuals will need to wait a bit longer to claim. The positive aspect is that pension payments are also on the rise, and the rules are quite simple to understand ...... | |
 | War, ceasefires and the effect on inflation War can push up prices fast, while ceasefires often calm them without fixing everything. In this blog post, I want to look at the effect on inflation, from energy prices and supply chains to wages, the cost of living, and wha... | |
 | A new tax year is here, and with it comes a raft of changes The start of the new tax year in April 2026 has brought a wave of changes, but for business owners and the self-employed, this isn't just background noise; it directly affects how you operate, report and plan ...... | |
 | Rising costs, slowing growth: How war is hitting the UK economy right now The risks of war to the UK economy are very real; they can quickly impact energy bills, inflation, and business confidence. My blog post today explains why both businesses and households should care, and why a fragile economy... | |
Other bloggers you may like ... | ||
 | Where do corporate visitors to Milton Keynes stay? Posted by Emily Freeman on https://blog.shortstay-mk.co.uk Corporate visitors to Milton Keynes need space, privacy and easy city access. This post explains why serviced apartments beat hotels and home‑shares. ... | |
 | How to find your workplace genius and build career confidence Posted by Dave Cordle on https://blog.davecordle.co.uk Workplace genius is the blend of strengths, energy and purpose that makes your work feel natural. If school never quite fit, that does not mean you la ... | |
 | How to turn your website into a 24/7 sales assistant Posted by Steffi Lewis on https://www.yourbot.uk For many small businesses, a website is little more than a digital brochure. It sits there, looking professional, doing its best, and then quietly ign ... | |
 | My first property viewings: what I learned as a new property investor Posted by Sarah Hannaford on https://blog.sarahpasolutions.co.uk My first property viewings were eye-opening. Like many, I initially thought I just needed a nice place, in a decent area, within budget. I soon realis ... | |