You must recognize the importance of your suppliers almost to the degree of partnering. Suppliers must be capable of providing an advantage to you and must be committed to continuously improving their products and services.
Table 10 lists some commitments you should look for from your supplier(s).
Also, keep in mind that it is very important to always have a backup.
Table 10: Guidelines for Supplier Relationships Section
|Guidelines for Supplier Relationships|
Look for the following commitments from your supplier(s):
Table 11 shows Fay’s suppliers.
Table 11: Supplier Relationships for Fay’s Variety
Fay’s Variety recognizes the importance of working with suppliers who are capable of providing advantages to the store and who are committed to continuously improving their products and services in addition to pricing controls.
Each of the suppliers currently working with Fay’s Variety must be in a position to offer:
Fay’s Variety’s strategy will be to work only with firms that meet the above criteria and to develop at least two (2) sources of supply to reduce vulnerability.
The following companies meet the above requirements:
Click on Worksheet 8.5 to list your primary and secondary sources of supply.