Benefits of Expanding Your Supplier Base

When selecting which suppliers your organization will trade with, it is typical for a larger supplier to be selected over a smaller supplier. This is because these larger suppliers are perceived, not just to be better placed to handle larger order volumes, but to be more stable than smaller businesses. Buyers tend to have more confidence in larger suppliers, and they believe that there is less chance of a larger supplier with a healthy financial position going out of business. All suppliers...