Play Nice: What is the Cost of Poor Supplier Relationships?

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Play Nice: What is the Cost
of Poor Supplier
Relationships?

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Good supplier
relationships are
without a doubt vital
if a business wants
to control costs and
have a healthy
supply chain.

As far as shipping and
freight are concerned, BCOs
are the customers who
directly or indirectly, have to
work, collaborate...

These suppliers
may be VOCCs
(Vessel Operating
Cargo Carriers - or
in simple terms,
Carriers), OTIs
(Ocean Transport
Inter...

To keep their supply
chain functioning as
expected, for a BCO,
fostering a healthy
relationship as a
company with their
su...

Long-Term Effects Are
Detrimental

While short-term gains from
pushing suppliers around
might give companies more
capital to play with, the
long-term effects...

The practice of extending payment terms, for example, would give
a company more on-hand capital at the expense of making t...

Of course, it’s not just the
automotive industry that has issues
with suppliers that aren’t being
treated right. Just In T...

Learn how Xeneta can help
You get insight and intelligence
into your global ocean freight
prices and change your logistics...

But at the other end
of the spectrum,
suppliers also need
to have some
reciprocity in terms
of penalties. Just as
late del...

No-shows or late
cancellation of
containers has
been a bane for
many carriers as in
many cases they
are unable to
replace ...

Advantages to Building a
Strong Supplier Relationship

Building good business
relationships means that partners
are more willing to cooperate or
even go above and beyond what is...

The advantages
that can be gained
by building strong
supplier
relationships in the
automotive
industry:

OEM suppliers are more willing to invest in new technology which
means an overall better product for the auto-makers.
Supp...

How to Build a Better
Partnership

Working with a
supplier should
never be a “once
and done”
relationship. As
the PPI study
points out, the key
to building a...

The key to a
successful and
long-lasting supplier
relationship is that
both parties need to
walk away happy at
the end of ...

A well-working business partnership hinges on accurate,
actionable, and transparent data.
As our industry moves towards th...

Of course, it’s not just the auIt’s
critical. Doing that not only ensures
a better relationship with suppliers,
but it hel...

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