There should be straightened relationship between the suppliers and buyers in view to making both parties benefiting from it. Several conferences are conducted around the globe, which brings together corporate bodies and their outsourcing personnel. There are some loopholes and advantages which were discovered as it is written below:
LOOPHOLES
a. Absence of Sales
The tone set in these gatherings is to make sure that the customers get a feel of how the company is strategically positioned to affecting well-promoted sales. This event is designed in such a way as for the company to listen to its customer’s responses. There are no actual sales that are achieved in such gatherings.
b. Little or no satisfactory response
During conversations, customers do come up with sensitive points, which need to be addressed by the company. However, contrary to expectations, the supplier merely listened and never gave any reason for the existence of deficiency.
ADVANTAGES
a. Openness during interactions
Normally, clients who have converged at these conferences are usually open-minded. They tend to discuss freely with their hosts. They have the sense that they are being listened to. And that the hosting party is willing to work with their recommendations in the future.
It is pertinent to note that the building of trust is not left for large establishments only, it is meant for those firms who want to do well in the day-to-day operations of their venture.
There are three relevant measures to be adopted while trying to develop a relationship based on trust.
Module 1 – Establish a relationship
The building of a relationship should go beyond having mutual interactions. This is achieved through the auspices of sales representatives. These sales reps are indeed helpful and reliable and their distinct services are what differentiate suppliers. On their part, clients are also concerned about the well-being of their sales reps and this is deepened to a more intimate relationship.
Module 2- Establish a reliable feedback system
No one gets to know it all at all times. Therefore putting in place and workable efficient and reliable feedback system is highly recommendable.
It encourages growth, because of the existence of open dialogue, trust, co-operations and help. If there has been a time trust between clients and their suppliers, If there has been a time of trust between clients and their suppliers there will be no expression of fear or insecurity in the sight of uncomfortable feedback.
Module 3- Show concern for each other
Rapid building of trust for both buyers and suppliers is enhanced when there is a genuine expression of concern for each other’s interests. Understanding the different goals of both parties will enable them to fashion out the means of achieving their goals together.
Conclusion
No man is an island. The relationship between the buyer and the supplier is made strong with trust. As far as it is geared toward a mutual benefit, it is good.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
What’s the deal with all these “Bitcoin vs. Gold” articles popping up lately? It seems to be one of those topics that everyone seems to have a strong opinion about. And, since I’m a trendy
So many arguments against Bitcoin energy use are misguided, if not flat wrong. The truth is: Bitcoin miners have made better use of eco-friendly, renewable power than almost any other industry.
Blockchain technology and Decentralized Finance platforms are powerful tools with the potential to improve nearly every aspect of society. In this post, I explore a few ways I think they might be used to revitalize struggling agriculture industries, specifically.
I had a really exciting chat with Mru Patel about how NTFs have the potential to become a major revenue source for musicians, authors, artists, and other public figures. Here’s our advice for monetizing yourself and your brand with Crypto.
STRENGTHENING RELATIONSHIPS BETWEEN BUYERS AND SUPPLIERS
Daven Michaels
New York Times Bestselling Author, 30-year business veteran, and Executive Chairman of CurrentC Power.
There should be straightened relationship between the suppliers and buyers in view to making both parties benefiting from it. Several conferences are conducted around the globe, which brings together corporate bodies and their outsourcing personnel. There are some loopholes and advantages which were discovered as it is written below:
LOOPHOLES
a. Absence of Sales
The tone set in these gatherings is to make sure that the customers get a feel of how the company is strategically positioned to affecting well-promoted sales. This event is designed in such a way as for the company to listen to its customer’s responses. There are no actual sales that are achieved in such gatherings.
b. Little or no satisfactory response
During conversations, customers do come up with sensitive points, which need to be addressed by the company. However, contrary to expectations, the supplier merely listened and never gave any reason for the existence of deficiency.
ADVANTAGES
a. Openness during interactions
Normally, clients who have converged at these conferences are usually open-minded. They tend to discuss freely with their hosts. They have the sense that they are being listened to. And that the hosting party is willing to work with their recommendations in the future.
b. Existence of trust
The meeting between the supplier and the buyer is an expression of trust. It is not so easy a thing to build trust between parties. However, where there is trust, it helps to create an enabling environment for business to thrive in it.
It is pertinent to note that the building of trust is not left for large establishments only, it is meant for those firms who want to do well in the day-to-day operations of their venture.
There are three relevant measures to be adopted while trying to develop a relationship based on trust.
Module 1 – Establish a relationship
The building of a relationship should go beyond having mutual interactions. This is achieved through the auspices of sales representatives. These sales reps are indeed helpful and reliable and their distinct services are what differentiate suppliers. On their part, clients are also concerned about the well-being of their sales reps and this is deepened to a more intimate relationship.
Module 2- Establish a reliable feedback system
No one gets to know it all at all times. Therefore putting in place and workable efficient and reliable feedback system is highly recommendable.
It encourages growth, because of the existence of open dialogue, trust, co-operations and help. If there has been a time trust between clients and their suppliers, If there has been a time of trust between clients and their suppliers there will be no expression of fear or insecurity in the sight of uncomfortable feedback.
Module 3- Show concern for each other
Rapid building of trust for both buyers and suppliers is enhanced when there is a genuine expression of concern for each other’s interests. Understanding the different goals of both parties will enable them to fashion out the means of achieving their goals together.
Conclusion
No man is an island. The relationship between the buyer and the supplier is made strong with trust. As far as it is geared toward a mutual benefit, it is good.
Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams.
SUBSCRIBE FOR ACCESS TO EXCLUSIVE CONTENT.
Recent Posts
Lessons to Learn From The UST/LUNA Crash
The UST/LUNA crash left many of us disconcerted with the state of Crypto. This article is about what happened, and how we can move forward.
Do We Have Enough Evidence To Call Bitcoin “Digital Gold”?
What’s the deal with all these “Bitcoin vs. Gold” articles popping up lately? It seems to be one of those topics that everyone seems to have a strong opinion about. And, since I’m a trendy
Bitcoin Mining Isn’t As Bad For The Environment As People Say It Is
So many arguments against Bitcoin energy use are misguided, if not flat wrong. The truth is: Bitcoin miners have made better use of eco-friendly, renewable power than almost any other industry.
Eradicating Global Poverty with Blockchain
Blockchain technology and Decentralized Finance platforms are powerful tools with the potential to improve nearly every aspect of society. In this post, I explore a few ways I think they might be used to revitalize struggling agriculture industries, specifically.
NFTs, Music, and Monetizing Yourself With Crypto – a Conversation With Mru Patel
I had a really exciting chat with Mru Patel about how NTFs have the potential to become a major revenue source for musicians, authors, artists, and other public figures. Here’s our advice for monetizing yourself and your brand with Crypto.