Many wholesalers overlook the role of suppliers as they consider them the ones who are just supplying the wholesale products and have nothing to do more than that for their customer’s business. This is a big mistake indeed. Studying the supply chain management is very important because your suppliers are sometimes responsible for the lower quality and reduced profits of your wholesale business.
Realizing different qualities which make you an ideal wholesale supplier is extremely important for suppliers who are new into this field. Suppliers should know that the key to success for the wholesale business lies in managing and running a strong customer base. An ideal supplier is the one which meets the emerging demands and expectations of their customers. So every supplier should know the basic qualities which a supplier must have and must stick to them in order to attain value in the eyes of their customers. Some of these qualities are discussed below:
Reliability:
A good wholesale supplier should be reliable and legitimate. He should deliver the exact products with exact features displayed on the web or agreed as per desired by the retailers. They should take care in not delivering the inferior quality as it spoils their reliability.
Prompt delivery:
Delayed delivery of wholesale supplies to the retailer results in delayed deliveries to the end consumers. This provides an opportunity to supplier’s competitors to capture their current customers. So, an ideal wholesale supplier takes care of the delivery dates and times and tries to handle the orders promptly and efficiently to keep their customers satisfied and happy.
Reasonable pricing:
Supplier’s ideality depends on what they charge for their wholesale supplies. Prices should neither be set too high nor too low. They should be such that which bring good profit margin to the suppliers besides retaining current wholesalers and attracting the new ones. For the pricing decisions, suppliers should study their competitors and set the reasonable prices after making comparative analysis with their competitors.
Use of latest technology:
An ideal supplier uses latest technology to coordinate and integrate all his activities. He tracks the orders and maintains good inventory by installing different software which help them to forecast the needs and demands of the consumer effectively and adjust their activities according to them. Automating all the activities using latest technology reduces hectic paper work for suppliers and prevents the omissions of important business entries.
Ethical behavior:
A good supplier does not cheat and deceive his customers by making false promises. Ethical behavior builds your business reputation in the long run and protects your customers to believe in the negative publicity of your online wholesale business.
Easy contact:
An ideal supplier is the one who is easily approachable for the retailers or wholesalers. He should provide his contact information on his websites or brochures clearly. He should avoid lengthy and time consuming contact procedures which can result in the loss of customers.
So, the importance of ideality of wholesale suppliers can not be undermined. As a supplier if you want yourself to be taken as a trust worthy supplier among your customers, you must have the above mentioned qualities. However, this list is not final; there are a number of other qualities as well which help to make you a perfect wholesale supplier.
Realizing different qualities which make you an ideal wholesale supplier is extremely important for suppliers who are new into this field. Suppliers should know that the key to success for the wholesale business lies in managing and running a strong customer base. An ideal supplier is the one which meets the emerging demands and expectations of their customers. So every supplier should know the basic qualities which a supplier must have and must stick to them in order to attain value in the eyes of their customers. Some of these qualities are discussed below:
Reliability:
A good wholesale supplier should be reliable and legitimate. He should deliver the exact products with exact features displayed on the web or agreed as per desired by the retailers. They should take care in not delivering the inferior quality as it spoils their reliability.
Prompt delivery:
Delayed delivery of wholesale supplies to the retailer results in delayed deliveries to the end consumers. This provides an opportunity to supplier’s competitors to capture their current customers. So, an ideal wholesale supplier takes care of the delivery dates and times and tries to handle the orders promptly and efficiently to keep their customers satisfied and happy.
Reasonable pricing:
Supplier’s ideality depends on what they charge for their wholesale supplies. Prices should neither be set too high nor too low. They should be such that which bring good profit margin to the suppliers besides retaining current wholesalers and attracting the new ones. For the pricing decisions, suppliers should study their competitors and set the reasonable prices after making comparative analysis with their competitors.
Use of latest technology:
An ideal supplier uses latest technology to coordinate and integrate all his activities. He tracks the orders and maintains good inventory by installing different software which help them to forecast the needs and demands of the consumer effectively and adjust their activities according to them. Automating all the activities using latest technology reduces hectic paper work for suppliers and prevents the omissions of important business entries.
Ethical behavior:
A good supplier does not cheat and deceive his customers by making false promises. Ethical behavior builds your business reputation in the long run and protects your customers to believe in the negative publicity of your online wholesale business.
Easy contact:
An ideal supplier is the one who is easily approachable for the retailers or wholesalers. He should provide his contact information on his websites or brochures clearly. He should avoid lengthy and time consuming contact procedures which can result in the loss of customers.
So, the importance of ideality of wholesale suppliers can not be undermined. As a supplier if you want yourself to be taken as a trust worthy supplier among your customers, you must have the above mentioned qualities. However, this list is not final; there are a number of other qualities as well which help to make you a perfect wholesale supplier.
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