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More vendors mean more choices for products and solutions. It creates competition between the vendors that can help you get better deals. A wider range of vendors gives you a safety net if one vendor’s solutions should fall through.


Compare and contrast potential vendors thoroughly to find companies with the best track records. Pay special attention to any reviews mentioning their capabilities in lastminute or crisis situations. Look for vendors with dedicated support teams who will be readily available when you have questions or concerns.


Look for candidates who hold relevant certifications, or who are willing to earn them. Invest in additional online or inperson training courses for vendor management employees. Provide quality tools and software so that your team can function as efficiently as possible.


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Stay up to date on your ROI throughout your work with vendors. Be sure to keep thorough records so that data analysis yields accurate results. Run reports on a regular schedule and share the results with your appropriate teams.


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Invite vendors to work with you on strategies that involve their product. Don’t be too aggressive; look for winwin solutions in negotiations. Understand vendors’ business goals and work with them to find the best value (not just the cheapest price).


As business fluctuates, you’ll want to have some vendors that can serve your short-term needs. Establish and maintain ongoing long-term relationships with vendors who provide your most regular needs. Combining short- and long-term contracts can help cut overall costs.


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The key to any relationship is a good flow of communication. Set regularly scheduled follow-ups, check-in meetings, etc., so that you and your vendors stay on the same page. Keep it professional, but also personable; vendor relationships thrive when you treat one another as equal partners, even in emails and phone calls.


Prudential Overall Supply is a vendor of women’s and men’s work uniforms, facility services, and more. From industrial uniform rental to clean room laundry services, we help clients from a range of industries create and maintain strong branding and efficient workplaces. Learn more about how we can benefit your business at www.prudentialuniforms.com.

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A Guide to Managing Multiple Vendors  

As a business, you rely on vendors to fulfill various needs. Learn how you can better manage relationships with multiple vendors, and why do...

A Guide to Managing Multiple Vendors  

As a business, you rely on vendors to fulfill various needs. Learn how you can better manage relationships with multiple vendors, and why do...

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