Establishing good relationships with vendors is critical to your company’s success. Without a strong relationship, you won’t be able to produce as much revenue as hoped for.

Here are some tips to maintaining a good relationship with vendors:

1. Explain to them your business goals: when a vendor understands how important customer service is to you, for example, they will be encouraged to work harder in that area
2. Assign a dedicated manager: elect a team leader or project manager to keep track of each vendor.
3. Put Everything in Writing: Follow up all verbal communications and requests with e-mails
4. Request Progress Reports: These reports will give you a clear insight into how the business is growing, bring to light any glitches or problems early on, and allow you to resolve any issues before they become big problems.
5. Plan In Advance: It’s important to respect your vendors’ time and resources.

If a company follows these tips, they will be able to maintain a strong relationship with their vendors and have a successful outcome.