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 ... | ||
 | Late Payments Bill gains momentum for small businesses The Late Payments Bill is progressing through Parliament, and small businesses may finally receive stronger protection against slow payers. It introduces tighter payment terms, firmer enforcement, and greater pressure on larg... | |
 | Phishing remains the most prevalent form of cyberattack Cybersecurity continues to be a growing concern for businesses, with new government research confirming that phishing remains the most common type of cyberattack affecting organisations across the country ...... | |
 | New tax return rules for company directors create uncertainty The new tax return rules for company directors aim to improve reporting but also cause confusion. Directors and traders must provide more detail in their self-assessment returns, yet HMRC guidance leaves gaps. Many will wait ... | |
 | Summer holiday VAT reduction for families: what it means for days out The Chancellor has announced a summer holiday VAT reduction for families, which may ease the pressure a little on meals, tickets and family days out. The catch is that the rules are narrow, the window is short, and businesses... | |
 | HMRC mileage rate increased to 55p on the 6th April 2026 On the 6th April 2026, HMRC increased the approved mileage rate to 55p per mile for the first 10,000 business miles. It's a helpful change for employees and the self-employed, and it may be worth reviewing reimbursements, pay... | |
 | HMRC AI fraud detection: how new technology will spot tax return errors AI-based fraud detection is set to help HMRC spot mistakes, suspicious patterns and missed payments more quickly. The idea is simple: artificial intelligence supports staff, while people still make the final call ...... | |
 | Understanding the new FSCS protection limit Many business owners and savers may have received messages from their bank about changes to the Financial Services Compensation Scheme (FSCS). The key update is that the protection limit for eligible deposits has increased fr... | |
 | UK economic growth as price pressures build UK economic growth has remained surprisingly resilient, but higher prices are making households and firms more cautious. The big question is whether inflation costs translate into lasting wage pressure, which would force the ... | |
Other bloggers you may like ... | ||
 | Visiting Milton Keynes this Summer? Serviced accommodation is the smarter way to stay! Posted by Emily Freeman on https://blog.shortstay-mk.co.uk If you're planning a trip to Milton Keynes this summer, you're probably already thinking about where to stay. Hotels might seem like the obvious choic ... | |
 | What skills do employers value in 2026? Posted by Dave Cordle on https://blog.davecordle.co.uk If you're considering your next career move, it's natural to wonder what employers are really looking for. While specific technical skills vary across ... | |
 | Welcome to YourBOT: The AI chatbot built for UK small businesses Posted by Steffi Lewis on https://www.yourbot.uk Running a small business in the UK isn't easy. Between customers, paperwork, marketing, late-night admin, and the never-ending ''I'll just sort this q ... | |
 | My journey so far: building two businesses side by side Posted by Sarah Hannaford on https://blog.sarahpasolutions.co.uk When I first started building my property business alongside my Online PA business, I knew it would be challenging. Both require time, focus and organ ... | |