- Share Information and Priorities.
- Allow Key Vendors to Help You Strategize.
- Seek to Understand Your Vendor's Business Too.
- Balance Commitment and Competition.
- Build Partnerships for the Long Term.
- Negotiate to a Win-Win Agreement.
Vendor Management
Vendor Management
Vendor management allows you to build a relationship with your suppliers and service providers that will strengthen both businesses. Vendor management is not negotiating the lowest price possible but constantly working with your vendors to come to agreements that will mutually benefit both companies.