Working with suppliers

- Generally speaking, the most successful companies…are laser focused on being at the best…at delivering a defined set of products or services.…That core competency helps to define the company's goals,…plans, and objectives.…But there are still things that the company needs to do,…like running payroll, buying paper, keeping coffee hot,…and keeping the lights on.…These functions either fall to employees to manage,…or more often these days are outsourced to third parties.…Now, even if these responsibilities…fall outside of your job scope,…it's important you know best practices…for dealing with third parties,…because this could help you in the long run.…

Outside suppliers can be a huge…strategic opportunity for companies.…By leveraging the expertise of these suppliers,…companies can gain efficiencies, cost reductions,…or improved services.…So when your company is looking…to hire an outside contractor…or manage an existing supplier,…a number of things are critical.…First off, define their role.…Make sure you understand exactly…