How do you research and compare F&B suppliers before negotiating with them?
When you run a food and beverage (F&B) business, you need reliable and cost-effective suppliers who can meet your quality standards and delivery schedules. But how do you find and compare the best options for your needs? And how do you negotiate with them to get the best deals and terms? In this article, we will share some tips and strategies for researching and comparing F&B suppliers before negotiating with them.
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Define clear requirements:Start by detailing your specific needs for F&B products, from quality to delivery schedules. This helps you focus on suppliers who can meet these standards, saving time and effort.### *Evaluate using KPIs:Measure key performance indicators like OTIF and MOQ Compliance to assess suppliers. This ensures reliability and quality in your supply chain, aiding in making informed decisions.