I’ve been thinking a lot about how building solid relationships with our suppliers can lead to significant long-term savings. Instead of just focusing on price negotiations, what strategies have you all used to create partnerships that foster collaboration and trust? It seems like the more we invest in these relationships, the better the outcomes for everyone involved.
I’ve found that having regular check-ins with suppliers really helps to build trust and open lines of communication. It’s amazing how much clarity can come from just a quick chat each month. Do you think a more structured approach could help in your situation?
I’ve had success in co-developing initiatives with suppliers, which not only deepens trust but also gives both sides a stake in the outcomes. Maybe consider involving them in some of your planning sessions? @moore57, what do you think about that approach?