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  • Suggest You - Reward Your Suppliers and Reap the Benefits

    CNBC's Business Of Innovation
    CNBC's new show Business of Innovation is s show all business students should watch. It throws a window of clarity to business and innovation ideas that have been twisted over the years. Maria Bartiromo is very helpful with pulling out tips from the guests on the shows. These are areas she probably already knows, but she makes it easy for viewers to get the idea. Last weeks episode focussed on the fact that technology is not necessarily innovation, but understanding what problem yo
    have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and e

    Yesterday's Project Manager is Today's Project Engineer
    The rapid growth of technology, greater exposure to knowledge, higher levels of awareness are making the young project engineer act more and more like a project manager.What I mean is, todays project engineers are actively supervising new graduates, setting and monitoring schedules & budgets, interacting with clients and so on.A decade or so ago these duties were undertaken by project managers or supervisors who were promoted to that level largely bacause of seniority
    Why not give an award to your best and favorite supplier and earn their respect and loyalty in the long term. Sounds like a partnership in the truest sense of the word.

    We easily recognize and reward our best customers due to their repeat visits to our store and repeat sales (therefore increased profits), but do we recognize and reward our valued suppliers? Consider initiating a “supplier of the year” award and involve your whole staff in the important decision. Even the smallest retailer can implement the award with successful results. Why would a small retailer want to reward their suppliers? Shouldn’t the suppliers reward the business? A new business will learn in the early stages that suppliers and distributors are not always open for business. Often times, a new business has to earn credibility in the industry. When I first opened a store years ago, I remember a supplier’s terse words (after I had assured him I had money in the bank) that “oh sure, new ventures always have money at the start of the new business, but I’m worried about a year from now, or two years from now. Then, not so much money. Will I get my money then when you’re struggling?” I assured him that I was in the business for the long haul, but I remember the words soundly hollow even to me. It was an important lesson then that stayed with me over the years. Suppliers will demand assurances that you have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and ea

    Genuine Acceptance
    Help your listeners and prospects feel appreciated, that they are personally accepted, and that their contributions are essential. When they feel accepted unconditionally, with no strings attached, their doubts, fears, and inadequacies will go out the window.Be kind, don't patronize, and be genuine in your acceptance--have it come from your heart. When that sense of belonging is established, you have tapped into a basic human need. We want to feel like our actions and contri
    ued suppliers? Consider initiating a “supplier of the year” award and involve your whole staff in the important decision. Even the smallest retailer can implement the award with successful results. Why would a small retailer want to reward their suppliers? Shouldn’t the suppliers reward the business? A new business will learn in the early stages that suppliers and distributors are not always open for business. Often times, a new business has to earn credibility in the industry. When I first opened a store years ago, I remember a supplier’s terse words (after I had assured him I had money in the bank) that “oh sure, new ventures always have money at the start of the new business, but I’m worried about a year from now, or two years from now. Then, not so much money. Will I get my money then when you’re struggling?” I assured him that I was in the business for the long haul, but I remember the words soundly hollow even to me. It was an important lesson then that stayed with me over the years. Suppliers will demand assurances that you have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and e

    You Can Find Freelance Work In Almost Any Field
    A freelancer is an independent contractor. Have you been looking for freelance employment? Are you thinking you have the skills and discipline to work independently? With a computer, high speed internet, phone, fax and skills you can work from home in almost any field with companies in almost any country. Companies benefit by working with freelancers or contractors because they are not responsible for employment/tax costs. Make sure your home environment fits with the type of wor
    that suppliers and distributors are not always open for business. Often times, a new business has to earn credibility in the industry. When I first opened a store years ago, I remember a supplier’s terse words (after I had assured him I had money in the bank) that “oh sure, new ventures always have money at the start of the new business, but I’m worried about a year from now, or two years from now. Then, not so much money. Will I get my money then when you’re struggling?” I assured him that I was in the business for the long haul, but I remember the words soundly hollow even to me. It was an important lesson then that stayed with me over the years. Suppliers will demand assurances that you have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and e

    Please your Potential Buyers with Corporate Promotional Gifts
    Corporate promotional gifts are a terrific way for a company to attract potential customers. In fact, when it comes to the types of businesses that have to sell their products or services by exhibiting at trade shows or giving a sales pitch that no one really wants to listen to, promotional gifts are perfect. Essentially, it gives potential clients a little incentive to listen to your sales pitch instead of another company's. Also, when buyers from another bu
    ried about a year from now, or two years from now. Then, not so much money. Will I get my money then when you’re struggling?” I assured him that I was in the business for the long haul, but I remember the words soundly hollow even to me. It was an important lesson then that stayed with me over the years. Suppliers will demand assurances that you have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and e

    20 Free Marketing Ideas
    Marketing could make or break a small business. Successful marketing is one of the most important things you can do to ensure the success of your small business. Here are 20 free marketing ideas: If your marketing offends someone it will probably be a success Get someone to tell a friend. Hopeful someone will tell another friend and it will become viral Collect email addresses from prospects so that you can build a relationship (with permission
    have the credit and the credibility to become a partner, therefore, above all, hone your relationships with suppliers.

    Why award a supplier? What’s in it for me? The smart retailer knows that supplier recognition can lead to –

    • An alliance with the supplier

    • Assistance with marketing the product

    • Timelier deliveries and easier re-orders

    • Better terms

    • Increased awareness in the supplier’s “pecking order”

    • Increased awareness in the industry and in the marketplace

    • media press releases

    • a marketing tool and ultimately,

    • increased sales of the supplier’s product

    How does one decide on the selection of the “supplier of the year?” Most businesses have statistics and quantitative information that answers that question for the owner. Take this information to your next staff meeting and guide the staff with the following questions:

    • Could we proceed in business without this supplier?

    • Does this supplier deliver on time? Is the supplier reliable? Does the supplier mean what he says?

    • Is there true value – does the price reflect the quality?

    • Does the product have “sell ability”? Does the product sell out? Does the product need markdowns to sell out? What percentage of product ends up on the sale rack at the end of the season?

    • Are re-orders available? Are popular items available early in the season?

    • Does the product reflect current trends? Is it fun? Does the product come with merchandising props? Is the company avant-garde? Does that matter to our business?

    • Does the supplier excel in customer service? Does the company care about our business?

    With these above questions answered, and lots of staff

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