Home News Choosing the right supplier should be easy, so why is it so hard?

Choosing the right supplier should be easy, so why is it so hard?

March 19, 2024

Choosing the right supplier for your business or industry products, consumables and supplies can significantly affect your costs, operations, and overall operational success.

So why is that? The short answer is that most industries work with multiple suppliers as part of their supply chain. Here are some reasons why multiple suppliers might be hurting your business.

  • The complexity of systems as you work with numerous third-party suppliers and their timelines and processes;
  • Procurement teams are juggling multiple relationships simultaneously;
  • Variation in quality as production becomes more multifaceted.

While professionally managing your inventory of materials and equipment can be difficult, having a close relationship with one or two suppliers can provide a distinct benefit in supporting you with the reliability of supply chain and logistics management.

In short, a good supplier cares and is invested in understanding the particulars of your business and will develop the best strategies possible to help you achieve your goals.