LONDON--(BUSINESS WIRE)--Setting your business up for success can seem like a challenge in a market so fiercely driven by technological advancement, innovation, and customer demand—but, luckily, it’s much more feasible than it looks. Advice on dealing with suppliers, digitalization, quality, and other aspects of business management and the supply chain are some of this week’s featured stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes. Register today to connect with over seven million companies around the globe.
Communication is essential for supplier relationships
Communication with suppliers can help businesses to maintain their relationships and ensure that their expectations are met, according to BizVibe. Continuing open communication over the length of the entire business relationship is an important step towards staying on good terms with suppliers, a factor that can result in increased cost savings, productivity, and supply chain management.
Technology has made communication easier and more accessible, allowing businesses to communicate both on-site, off-site, and from any other location or at any time necessary. However, in-person communication is still of great importance, letting businesses connect with suppliers on a direct and more personal level.
Not focusing on quality control is a huge mistake
BizVibe has found that quality control is one of the most important parts of global sourcing, yet many businesses are neglecting to perform it thoroughly or effectively, resulting in financial losses and production issues.
Quality control is typically performed by a third-party or by the buyer’s staff—not the supplier’s staff, who can often be biased in their assessments—at the supplier’s factory. However, quality control should ideally also be performed at an earlier stage in production so that any errors are caught before proceeding to more critical stages and to eliminate production issues as early as possible.
Audiences, technologies, and organization are key for digital transformation
Understanding your key customers and audiences is critically tied to your business’s ability to properly execute digital transformation processes. Data from Pointsource’s Executing Digital Transformation survey shows that one in five of the survey’s respondents reported feeling like their organization does not do enough in-person research to understand key audiences, and more than 40% of respondents said that their organization’s digital strategy does not have clear business objectives and performance indicators.
Outdated technologies and systems can also hold digital transformation back, as can organizational barriers. Companies need to ensure that their workflow, organizational structure, and their technology facilitates transformation and innovation in the digital realm.
BizVibe is home to 150,000+ apparel and textile companies across 200+ countries, covering all sectors. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections in real time. Claim your company profile for free and let the business come to you.
BizVibe is home to over seven million company profiles across 700+ industries. The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we've designed a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.