The 5 BIG Benefits of Preferred Vendors

As planners and designers, we sometimes have the unfortunate task of working with vendors who do not have the same vision as you. Our clients come to us 'When it has to be absolutely special' and that comes with a lot of responsibility. Therefore, working with the same persons that have your same mindset makes the planning easier.

We have come up with 5 benefits of working with your preferred vendors.

Improved decision making

Effective decision making makes any process easier, and putting together a preferred supplier list is no exception. Your list should improve access to supplier information for your business and make purchasing easier for or from them.

Ensures best value and cost savings

Working with a preferred vendor will ensure your suppliers deliver the best value for your business in terms of price, quality and stability. As you’ll be buying more from your preferred vendors, you will be able to develop a relationship and get better prices.

Efficiency

Evaluating goods and services can be time-consuming, especially when working with a new person. Working or renting goods and services is therefore much quicker and easier for your business.

Reduces risk

When creating your list , it will identify your critical suppliers whose services are essential to your business and standards. You can then monitor their performance closely to ensure they are delivering on the standards that you first met them with. Your primary suppliers should provide higher service levels as their commitment to your business will be greater, and they will have a better understanding of it.

Better control

Having a preferred suppliers list increases the control you have over creating invoices.. Building relationships with these suppliers increases accountability, and you’re more likely to receive an improved quality of service. Communication will also be better, minimizing the chance of misunderstandings.

Start building your preferred vendors. It will benefit your company and your mental state!

When it has to be absolutely special, you choose your preferred vendors.