Almost every company in business today is reliant upon a core base of reliable suppliers. Finding reliable suppliers should be a part of every company’s strategic plan because of their importance on a company’s growth. Suppliers can impact your company’s growth pattern and there are some characteristics that are important to look at when choosing a supplier.
- Quality of Product – The quality of a raw material can greatly affect the overall outcome of the finished product. When the quality of the raw material is high, the finished product has a longer life-span and more importantly creates a highly favorable reaction from the customer. If higher quality output is created by using higher quality products, there is smaller chance of repairs or revisions to the project which results in a better bottom line.
- Ability to stay on time – keeping the timeline of a project in place is key to providing a favorable experience for your customer. If a supplier can remain on a reliable time schedule for the delivery of raw materials, you are less likely to hold on to a large inventory, thus reducing your risk. Also, in terms of finished goods, a properly structured turnaround schedule can increase the likelihood of future business from your customer.
- Overall competitiveness – Suppliers that are willing to compete on pricing can help you keep you bottom line at a more favorable level and can also make the finished product more cost effective.
By looking for these three characteristics in your suppliers, you can rest assured that your company will always be serviced properly.
Signworld has worked hard over the years to build a core group of suppliers offering raw materials and wholesale finished goods. Signworld has also worked hard with its owner group to find reliable and competitive suppliers covering all facets of the sign industry. These suppliers are a valued part of the Signworld proposition and are essential to the good health and constant growth of our independent businesses. We are loyal supporters of theirs and they are of our group through continued educational opportunities, preferred pricing and product innovation.
If you’d like to find out more about how Signworld utilizes its core of preferred suppliers to grow each owners business you can contact us.