Supply Chain Vendor Negotiations: Build On Trust, Not Price

When negotiating with a supply chain vendor, it's incredible how shaving one or two percent off the price of each unit can have a major impact on the bottom line. Whether you're one-time pallet shipping 500 lightbulbs, or you're putting together a five year contract for the supply of hundreds of thousands of products and parts, it's important to know how to negotiate a win-win situation for you and your supply chain vendors.

Stocking Up? Don’t Buy on Terms-- Pay Cash.

The phrase "Buying on terms" sounds friendly and harmless-- when it actually means taking out a loan, and can complicate your company’s finances.

Especially if you're trying to competitively grow your business, it can seem tempting to buy your merchandise on "terms" that allow you to purchase inventory at the beginning of the season, but pay for it after it's sold. However, as with everything that sounds too good to be true, buying on terms can sometimes get out of hand.

Logistic Inspiration from Alexander the Great

Ancient logisticians were innovative, ingenious masterminds. Responsible for transporting cumbersome supplies across tremendously difficult terrain and spanning vast distances, premodern transportation experts were brilliant strategists who have laid the groundwork that powers commerce and pallet shipping today.

According to the Supplychainsrock blog, the seven most brilliant historic logisticians were:


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