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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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