Maintaining a good relationship with vendors requires effort, like everything else that is good. On-time payment to vendors is definitely a priority because you are doing business with them and this is the best way to show that you are taking things seriously and are capable of fulfilling your word. Great things come from great communication, so it’s important to establish a mutual understanding of what this relationship entails and what your long-term goals are. It’s important to note that this relationship is a two-way street so you should also ask what specifications the vendor needs from you. Additionally, it is helpful to bring business to your trusted vendors by referring them to others and will further enhance the loyalty of the partnership.