Partnering with solutions and service providers in plastic manufacturing is a big deal for any business. Ideally, as an extension of your organisation, you want your service provider to reflect the high quality and focus that you expect from your own organisation and employees.
These kind of relationships require a concerted effort by all parties to be successful and they need to be built on a solid foundation. In this two-part post we will look at six tips to help you effectively manage the manufacturing service provider relationship.
Share your corporate vision
Ideally you want to partner with someone who shares the same attitudes and values towards work as you, this is why looking at your potential supplier’s culture and sharing your own corporate vision and objectives is important. Identify any critical measures or business fundamental metrics etc.
Determine funding availability
Getting into a new business relationship means establishing a clear understanding of the costs involved. You need to determine funding availability and budgetary constraints from the word go so both parties know exactly what to expect and your service provider can stay within your budget. If any additional costs arise your service provider needs to communicate these to you clearly. Identify any data or financial analysis that is required to justify expenditure.
It is important for you to communicate and document your requirements in a clear and specific manner. You should know how often you will be in touch with your service provider and what forms of communication you will use. Ultimately you want to partner with someone who understands what your needs are and communicates with you as regularly as you need, in a way that works for you.
Lookout for part 2 of our post where we look at three more tips to help you effectively manage your service provider relationships.
If you’re looking for a plastic manufacturing solution, look no further than Plastic & Chemical Trading. Through our partnerships with international brands we are able to bring comprehensive world class solutions to your doorstep.