StrategyDriven Tactical Execution Article | How To Create A Good Relationship With Your Suppliers

How To Create A Good Relationship With Your Suppliers

Suppliers provide the crucial goods and services that you require to successfully run a business. This is why it is important to create a good relationship with them. Often businesses can fail because they haven’t worked on establishing a good working relationship with their suppliers. It’s best to think about what each supplier offers rather than the cost. Of course, you need to think about managing costs overall however building a good relationship and having an excellent level of understanding between you and your supplier is just as important.

StrategyDriven Tactical Execution Article | How To Create A Good Relationship With Your Suppliers

Suppliers can provide quality materials and help you acquire what you need. If you have great communication levels between you they will often have a quick turn around. Meaning that Gasket Seal that you need pronto to complete a job is more likely to arrive promptly. In order to meet deadlines and targets, you will find that you sometimes have to ask them to go the extra mile and having a relationship with a supplier can go a long way into making this possible. Just like when creating a client base, you need to create a solid record of professional and timely behavior combined with the added personal touch.

Have a look below at some of the ways you can help to create a good relationship with your suppliers:

Pay On Time

You have to remember that your supplier is also a business, and this means that they want to earn money and get paid just like you do. If you know that you might have problems meeting your obligations, make sure this is worked into the contract you have between you before signing. It’s always best to be upfront when experiencing problems with payment. So, give your supplier a call as soon as you know of a problem and reach out to them in order to arrange a payment date. This is a much better working practice than leaving it and waiting for them to chase you for payment of overdue accounts.

Make An Effort To Know Them

It’s far to easy to keep things online and via email nowadays however phone calls and face-to-face go a long way in business and should be considered as important. Although everything can be done with emails it’s best to get to know your suppliers and catch up once in a while. Try visiting their office or inviting them to any company functions. Coffee or lunch is a great none pressured way to network with existing and potential suppliers, it enables you to build a personal rapport.

Make It Easy For Them

You should aim to give your suppliers adequate lead time and always communicate your needs. Crises can’t always be avoided, however, your suppliers won’t appreciate your custom if your their client that always rings last minute for supplies. Your suppliers aren’t going to be able to anticipate your needs although on occasions they may be able to supply at last minute.  What you order may need time to prepare, and sometimes they need to order in parts themselves. Work with suppliers closely and make sure they understand what your future needs may be. The more they know the better.

These are just three ways that you can help to create a good relationship with your suppliers, do have any others that you can share in the comments section below?

StrategyDriven Entrepreneurship Article | Getting The Air Compressor Your Business Needs

Getting The Air Compressor Your Business Needs

What should you consider when looking for a company for an air compressor?

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An air compressor is a piece of equipment that many different businesses may need. If this applies to you, this blog post can assist. Read on to discover what you should consider when looking for a company for air compressor hire or purchase.

There is only one place to begin and this is with the product range that is available. The company in question should have a number of air compressors for you to choose from, just like Atlas Copco filters do. After all, everyone’s requirements are different. You may need a four-tool compressor, whilst someone else may only need a one-tool compressor. Aside from this, there are many other factors that influence the performance of this machine. This includes everything from type of refrigerant used, to pressure at discharge, to pressure at suction, to speed of rotation and much, much more. It is vital to make sure the company has many different options to choose from so you can ensure you benefit from the best machine for your specific requirements. They should also have a number of accessories and other related products available. This includes everything from a compressor air poker to a compressor hose.

The next thing you need to take a look at is the company’s level of experience and their reputation in the industry. It is advisable to go for a company with a considerable amount of experience, as they will have had time to perfect their service and build up a considerable product range. Aside from this, it is a good idea to take the time to read reviews that have been left by previous customers. Were they happy with the service they experienced? Would they recommend the company? Were the easy to deal with? This is the most effective approach for getting a truthful insight regarding the level of quality you are likely to benefit from. If a business has a negative reputation you should be able to pick up on this, as you can rest assured that plenty of people would have taken to the Internet to warn people from using the company in question.

Aside from the main points that have already been mentioned, there are other vital factors to think about. Price is of course a crucial consideration. You want to be sure you are benefitting from a good deal, but don’t go for anything that seems too good to be true, as the likelihood is that it probably is. Also look into the way the service works, i.e. will the company delivery the machines to you and pick them up? If you carefully assess all of the factors that have been touched upon you should have no issue finding the best company for air compressor for you.

StrategyDriven Entrepreneurship Article

The Influence of Start-ups on Healthcare

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There are startups in every industry that are changing the way we do things in all aspects of our lives. Healthcare is no exception. In recent years, the number of startups in the healthcare industry has skyrocketed, and their innovations have potentially changed the future of healthcare.

Our health and insurance requirements start to change after we turn 26, which makes innovations in this area incredibly important. Here are some of the many ways startups have influenced the healthcare industry.

Fertility, Pregnancy, and Newborn Health

Startups have caused huge strides forward in both fertility and newborn health. For fertility, various testing methods have been invented to allow couples facing fertility problems to complete assessments in the comfort of their own home. Rather than being relegated to interactions with various doctors and meeting medical professionals in public settings, they can test their fertility privately and make decisions based on the findings. This saves time and allows for privacy and discretion.

There are innumerable applications available that allow couples to track their pregnancy and guide them through this physically and emotionally taxing time. They are often rolled into fertility applications, to help couples conceive. It is expected that in the future, smartphone apps will be able to listen for a baby’s heartbeat and even perform an ultrasound.

In newborn health, innovations by Neolight have resulted in a product that helps treat and prevent jaundice in newborns. As the majority of newborns experience some level of jaundice, their energy-efficient, safe, and portable product will help treat newborns safely and effectively while reducing readmissions to hospital.

Patient Engagement Apps

App development companies have been continuously working toward health tracking protocols that can be delivered to medical professionals, saving wait times and presenting clear, analytical data. For example, sleep trackers, activity trackers, and symptom trackers are all readily available on smartphones and smartwatches.

These apps when consolidated, present a clearer picture to medical professionals when a problem arises, especially now since they’ve been regulated with the HIPAA compliance act. They may be able to pick up on inconsistencies that speak to a deeper issue, that users may not have picked up. On the other hand, using these apps helps people become more mindful of what’s going on in their body and flag any issues that seem unusual. This could lead to getting a medical consultation earlier than they would otherwise, improving their prognosis.

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Cancer Fighting Innovations

Scientists and startups are continuously working toward finding a cure for cancer. While there is no definitive cure yet, incredible advancements have been made in prevention and early detection. For example, skin cancer prevention products have been created to tell people when to reapply sunscreen. Other imaging techniques highlight tumors, making them easier to detect during scans and surgical removals.

On the other side of the battle against cancer, a startup known as Vivor has created a platform where cancer patients with financial troubles will be matched with different charities and financial assistance programs that can help them during treatment. Similarly, MyPeople Health is taking a patient-centric approach by focusing on creating apps that guide a patient through their journey, explaining everything simply yet thoroughly.

Startups offer a unique and fresh perspective to the healthcare industry, which is how advancements are made. Looking back at the changes over the last twenty years shows just how far we can go in a short amount of time.

StrategyDriven Marketing and Sales Article | Brands Represent Risk Mitigation for Consumers

Brands Represent Risk Mitigation for Consumers

StrategyDriven Marketing and Sales Article | Brands Represent Risk Mitigation for ConsumersThings exist because we need them. We have brands not because companies made them, but because society needs them. If society and consumers didn’t need brands, no amount of effort from companies could bring them into existence.

How do brands work on a societal level? Let’s start by listening to economists instead of brand experts.

Some economists explain brands from a game-theory perspective. They say that brands are a mechanism for companies to engage customers in repeated games. And by giving customers an opportunity to punish companies, brands create a worry-free choice for consumers.

No trust can be created in a one-time game. Why do tourist traps offer such poor quality for high prices? Because it’s a one-time game. Shops and restaurants at tourist destinations know that you’re unlikely to come back, and they don’t expect you to. On the other hand, the restaurant right around the corner – which also caters to year-round residents – provides great service and quality, because they’re counting on repeat business from satisfied customers. If you don’t like the restaurant, you can punish it by never visiting again. A neighborhood restaurant relies on customers from nearby. It can’t survive if it’s alienated them.

In the US, McDonald’s doesn’t allow franchise locations near highway rest stops. All McDonald’s locations in rest stops are directly owned and operated by the corporation. That’s because stopping at a McDonald’s right off a highway is a one-time game for that specific location. It’s only a repeated game from the perspective of the company’s national headquarters. And so, McDonald’s maintains ownership of these one-time game locations to ensure the quality and service that its brand is known for.

That’s why we say brands are a social mechanism to mitigate risk for customers when they purchase goods and services.

This guest post is adapted from SUPER SIGNS: Taking Your Brand To The Ultimate Level by Sam Hua and Nan Hua, founding partners of Shanghai H&H Marketing Consulting Company.


About The Authors

StrategyDriven Expert Contributor | Sam HuaSam Hua is a board chairman and founding partner of Shanghai H&H Marketing Consulting Co., Ltd, a well-known expert in creative strategic marketing, and chief brand adviser of National Real Estate Manager Alliance. He has been dedicated to marketing strategies and creative marketing services for nearly 20 years. He established the first systematic marketing methodology – “H&H Methodology” – in the domestic marketing circle.

StrategyDriven Expert Contributor | Nan HuaNan Hua is a founding partner of Shanghai H&H Marketing Consulting Co., Ltd and Board Chairman of Dook Media Group Ltd. He is a co-producer of several movies such as So Young and Old Boys: the Way of the Dragon.

StrategyDriven Online Marketing and Website Development Article |Marketing|Do You Need Help With Your Marketing?

Do You Need Help With Your Marketing?

StrategyDriven Online Marketing and Website Development Article |Marketing|Do You Need Help With Your Marketing?Marketing is one of the central processes in the running of any business. If the marketing is done in the right way, then the business itself is going to be a success. However, if it is not right, you never know what fate might befall the company. But perfecting marketing is a real challenge. There could be many times when you find you need help with it. It’s helpful to know for sure when you need that help, so that you can seek it out in time and make the most of it. In this post, we’ll look at a few of the clearest signs that you might need some help with your marketing.

Your Sales Are Low

One of the surest signs that you might need to consult a marketing agency is that you just aren’t shifting any products. Most businesses experience the occasional dip in sales, and that can be the result of a number of different things. But sometimes marketing is the problem, and it’s good to be aware of when that is so. Even if that is not the reason, you will find that improving your marketing is going to make a huge difference to how many products you sell, and for that reason it is absolutely worth looking into anyway. If you feel that you could be selling more, take a look at your marketing and see whether you might need any help with it. That alone could well be enough.

A Weak Brand

As a business, you need to have a strong brand which people can immediately recognize and relate to. This is central to keeping your business in line with what you want to achieve, and it is one of the things that you are going to want to keep an eye on throughout your business. However, if you have come to realize that your brand is actually relatively unclear, then you might find that it is necessary to step back and allow some marketing experts to take a look at it. If they can improve your brand in any way, you are bound to find that this will improve your marketing generally, and the performance of your business.

You Don’t Have The Time

Marketing well takes time, and if you just know that you don’t have the time, then that is one of the things that you are going to need to think about. That means that you will benefit greatly from giving your marketing over to the professionals. It is a good idea to make sure that you bear that in mind when the issue of time management crops up and becomes hard to bear. By giving the work to someone else, you can keep your eyes on the prize in other places, and hopefully it will all come together in a business that is functioning much more accurately and expertly.

With an awareness of when you need to get help, you will be able to keep the business operating much more efficiently. Consider this early on if you want to make a big difference in your company.