Primero, establece relaciones basadas en la confianza y la comunicación abierta. Mantén a tus proveedores informados sobre tus planes y estrategias a largo plazo, y muestra disposición para adaptarte a sus necesidades. La transparencia es fundamental para construir una base sólida. Además, ofrece acuerdos flexibles que beneficien a ambas partes. Incentiva la colaboración y el crecimiento mutuo a través de contratos que contemplen la adaptabilidad ante cambios en la industria. Trabajar juntos para superar desafíos fortalece las alianzas y asegura su durabilidad.

Forge long-term relationships with suppliers based on healthy and trustworthy relations, which are pretty few in the volatile field of outsourcing. Make it very clear that your vision for them is long-term and assure them that you too believe in shared success even when times are bad. If possible, provide flexibility in the terms of the contract. This could take many shapes and forms. From guaranteed volume agreements to mutually rewarding contracts on a long term basis, this can be done in many ways. Emphasize regular and transparent communication to minimize the possibility of similar disruptions happening in the future. Building the relationship may include thinking out creative solutions that work for you and your suppliers.

In a volatile industry, secure lasting supplier partnerships by fostering trust through transparent communication and flexible agreements that adapt to changing conditions. Invest in relationship management by regularly assessing performance and providing constructive feedback, while showing appreciation for their efforts. Diversify your supplier base to spread risk, align partnership goals for mutual long-term benefits, and involve suppliers in innovation processes to enhance offerings and create a shared sense of purpose. #ahmedalaali11

Allow me to share a different perspective, in a volatile industry the suppliers would also struggle to find dependable business units where they could deliver consistently. We must understand that demand-supply sustainability would be crucial in a volatile environment. Therefore, first step we could do is to ensure our suppliers are confident in our ability to sustain consistent orders. Which in turn could be even provide better price incentives for us. Secondly, Long term contracts could also help in providing stability to supply chain. Finally, I have seen that personal relationships also ensure long term commitments.

How abouzt setting up a simple feedback system that allows suppliers to give you input on processes, demand forecasting, and challenges they are facing. You can then use this information and suggest improvements. A great read about improvement of processes and relationships is “The Goal: A Process of Ongoing Improvement” by Eliyahu Goldratt.