DealTrack Blog — Supplier collaboration

Why collaboration is key to supply chain success

Posted by Elizabeth Allcock on March 31, 2020 09:59:13

Companies around the world are shifting to global supply chains, which although allows companies to source materials and manufacture products more cost-effectively it comes with many challenges. It can make it more difficult to connect with the right people in the supply chain, resolve concerns, and respond quickly to changes and unexpected events otherwise known as supply chain disruption.

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Topics: Supplier collaboration, Supply chain, Collaboration

How to streamline your deal approval workflow

Posted by Elizabeth Allcock on March 26, 2020 08:58:20

Businesses that plan together, succeed together. But whenever a business makes a deal with another business, it needs to be approved on both sides. And getting that approval can be a slow, inefficient process.

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Topics: Rebate Management System, Supplier collaboration

Tips for negotiating the best deals with your trading partners

Posted by Elizabeth Allcock on March 18, 2020 10:08:04

Negotiating B2B contracts is a regular activity, both sides want to get the best deal possible. By negotiating you can achieve a contract that is fair, reasonable and beneficial to both parties - even helping to boost company profitability and improve goodwill and collaboration between trading partners.

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Topics: Rebate Management, Contract Management, Supplier collaboration

How can electrical distributors drive profitable growth?

Posted by Elizabeth Allcock on February 24, 2020 14:34:55

In a challenging environment, smart electrical distributors are finding new ways to drive profitable growth—not least, taking closer control of key trading agreements.

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Topics: Industry Sector: Wholesale Distribution, Rebate Management & Growth, Supplier collaboration

Collaborator: work together to boost your rebate earnings

Posted by Richard Neil on January 29, 2020 13:10:02

Collaboration is a process that allows a group of people to come together and work towards the accomplishment of a common goal. In business, you and your trading partners share a common goal of achieving profitable growth, so why are many trading relationships adversarial or treated as an afterthought? With significant advancements in cloud-based workflows and file sharing technology, the opportunity for multiple parties to collaborate on a project using a single platform has never been more achievable.

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Topics: Supplier collaboration

Key practices for smarter trading partner collaboration

Posted by Howard Cook on January 6, 2020 11:39:00

Distributors and suppliers are both working towards the same goal, so what’s stopping them from working together?

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Topics: Rebate Management System, Supplier collaboration

How B2B distributors can use the deal economy to beat Amazon

Posted by Andrew Butt on November 18, 2019 09:32:48

The rise of Amazon Business has distributors rattled. To compete, distributors should focus on the things Amazon can’t provide—using the Deal Economy as fuel.

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Topics: Rebate Management, Rebate Management System, Supplier collaboration

Customer rebates vs. supplier rebates — what you need to know

Posted by Andy James on September 25, 2019 11:12:49

When it comes to rebates there are two sides of the story: customer rebates and supplier rebates. How to differentiate the two can cause confusion. So, to explain the difference between customer rebates and supplier rebates we will take a different approach and think of them like a tango, rather than a war.

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Topics: Rebate Management, Rebate Management System, Supplier collaboration, Customer Rebate Management

Supplier collaboration in the building materials sector

Posted by Andrew Butt on December 12, 2018 10:41:00

We learn about collaboration from an early age.  As children we quickly learn that we need to collaborate with teachers, classmates and team players in order to be successful.  "There's no 'i' in 'team' is a common mantra in sports and work teams.  And "supply chain collaboration" has been a hot topic for decades.  

Despite that, there are very few systems that enable wholesale distribution companies and their suppliers in the building materials sector to truly collaborate on their trade agreements.

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Topics: Supplier collaboration

7 key elements of successful trade negotiations

Posted by Andrew Butt on November 27, 2018 10:15:00

The phrase win-win is probably over-used, but I am going to use it anyway to describe the situation where both parties come out of a negotiation feeling like they have won. Let’s be honest. If you think you won and the other party (your supplier or your customer) feels they lost, then it’s not really a good situation.

Price is important, but (particularly in industries like building materials distributors and grocery retailers where margins are tight) time to market, supply chain reliability, innovation, quality and flexibility are elements that contribute significantly towards a company’s competitive edge.

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Topics: Procurement Excellence, Supplier collaboration