Partner With Your Vendors

Dance Steps

Here are some other ways to better partner with your vendors:

• Communicate your challenges. Let your vendors know what your current issues are, and ask them about theirs. Maybe it’s cash flow, warehouse space, margins or price points. If your vendors are aware of these, they can think of ways to help, and you can get creative with options to help them. Maybe you’d be willing to give a point or two on the margin of an item in exchange for longer payment terms.