{"id":3108,"date":"2018-07-24T09:00:52","date_gmt":"2018-07-24T13:00:52","guid":{"rendered":"https:\/\/www.method.me\/blog\/?p=3108"},"modified":"2025-12-06T07:28:44","modified_gmt":"2025-12-06T12:28:44","slug":"revamp-vendor-relationship-management","status":"publish","type":"post","link":"https:\/\/www.method.me\/blog\/revamp-vendor-relationship-management\/","title":{"rendered":"4 Tips to Revamp Your Vendor Relationship Management"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Customer relationship management is all the rage, but it takes more than happy customers to keep a business alive. In fact, maintaining positive customer relationships really begins with effective vendor relationship management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re constantly jumping from one vendor to another in search of a lower price, it will impact your ability to fulfill orders and make future plans. Instead, focus on building long-term relationships with reliable vendors. Your customers will appreciate the consistent quality of your offerings, which will lead to repeat business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not sure how to take your vendor relationship management to the next level? In spite of the name, a <a href=\"https:\/\/www.method.me\/crm-quickbooks\/\">QuickBooks-integrated CRM<\/a> isn\u2019t just for customers \u2014 it\u2019s also a great tool for managing your QuickBooks vendors. Here are four strategies for building stronger vendor relationships, plus tips on how your QuickBooks CRM can help.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-1-understand-their-business\"><strong>1. Understand their business<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">In most aspects of life, you need to get to know someone before you can build a relationship with them. The same is true for your vendors. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, you don\u2019t need to learn everything about each vendor\u2019s industry before you do business with them. But getting a general sense of the company\u2019s structure and policies will help you understand what they can realistically deliver. By going into the relationship with appropriate expectations, you\u2019ll set yourself up for long-term success. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.method.me\/\">Method<\/a> CRM users:<\/strong> Add multiple contacts per vendor to track your interactions with different individuals in the vendor company.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-2-communicate-regularly\"><strong>2. Communicate regularly<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Your vendors aren\u2019t mind-readers, so frequent communication is key to maintaining productive relationships. Keep your vendors informed about your business\u2019s plans, priorities, and problems, and encourage them to share theirs with you. This ensures that both parties understand what needs to be done and prevents small issues from snowballing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Method CRM users: <\/strong>Create activities to remind yourself to email, call, or meet with your vendors. Then, add comments to each activity to keep an organized record of what was discussed \u2014 no more digging through old emails!<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" width=\"586\" height=\"348\" data-src=\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/a0590af0-d53a-4dca-aa6f-eace9a3a39ae_activityfollowup-1.png\" alt=\"\" class=\"wp-image-5406 lazyload\" data-srcset=\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/a0590af0-d53a-4dca-aa6f-eace9a3a39ae_activityfollowup-1.png 586w, https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/a0590af0-d53a-4dca-aa6f-eace9a3a39ae_activityfollowup-1-300x178.png 300w\" data-sizes=\"(max-width: 586px) 100vw, 586px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 586px; --smush-placeholder-aspect-ratio: 586\/348;\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-3-be-accountable-for-your-role-in-the-relationship\"><strong>3. Be accountable for your role in the relationship<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The vendor-customer relationship is a two-way street. Just as your business can\u2019t function effectively if a vendor underperforms, the same is true for the vendor. Scope out your project needs well in advance of your deadlines, and be organized and accurate when submitting purchase orders. This will increase your chances of receiving high-quality, timely service and will lay the foundation for an ongoing partnership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Method CRM users:<\/strong> Make life more convenient for your vendors by allowing them to view your purchase orders in Method\u2019s built-in online portals.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-4-pay-your-bills-ideally-on-time\"><strong>4. Pay your bills (ideally on time)<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This is an obvious one, but we\u2019ll say it anyway: pay your vendors! On time is ideal and early is even better. Prompt payment not only ensures you can repurchase from that vendor, but also shows you value the service they provide. Pick a time in your weekly schedule to sit down and pay your bills, and stick to it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Method CRM users:<\/strong> It\u2019s hard to pay your vendors on time if you forget when or if they invoiced you. As soon as you receive an invoice, log it as a bill in your <a href=\"https:\/\/www.method.me\/\">Method<\/a> account, even if you\u2019re on the go. The bill will automatically sync to QuickBooks so you can pay it when you\u2019re ready.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" width=\"977\" height=\"394\" data-src=\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/BillQBODTHeader.png\" alt=\"\" class=\"wp-image-5798 lazyload\" data-srcset=\"https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/BillQBODTHeader.png 977w, https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/BillQBODTHeader-300x121.png 300w, https:\/\/www.method.me\/wp-content\/uploads\/2019\/02\/BillQBODTHeader-768x310.png 768w\" data-sizes=\"(max-width: 977px) 100vw, 977px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 977px; --smush-placeholder-aspect-ratio: 977\/394;\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Effective vendor relationship management doesn\u2019t happen overnight. But taking small daily steps to build rapport with your vendors will ultimately benefit the vendors, your business, and your customers. Start taking those steps today and <a href=\"https:\/\/www.method.me\/crm-quickbooks\/free-trial\/\">sign up for your free trial of Method CRM<\/a>!<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading has-text-align-center\" id=\"h-ready-to-get-started\"><strong>Ready to get started?<\/strong><\/h4>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">Sign up for a free trial of Method CRM, the #1 rated CRM by QuickBooks users on apps.com.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><a href=\"https:\/\/www.method.me\/crm-quickbooks\/free-trial\/\"><img decoding=\"async\" data-src=\"https:\/\/www.method.me\/wp-content\/uploads\/2017\/02\/Free-Trial.png\" alt=\"Free Trial Button \" class=\"wp-image-1920 lazyload\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 298px; --smush-placeholder-aspect-ratio: 298\/60;\" \/><\/a><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Includes a free demo and 1 free hour of customization.<\/em><\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\">Photo credit &#8211; unsplash.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Customer relationship management is all the rage, but it takes more than happy customers to keep a business alive. In fact, maintaining positive customer relationships really begins with effective vendor relationship management. If you\u2019re constantly jumping from one vendor to another in search of a lower price, it will impact your ability to fulfill orders [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":5825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[39,18],"tags":[118],"class_list":["post-3108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-quickbooks-accounting","category-small-business","tag-quickbooks-crm"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>4 Tips to Revamp Your Vendor Relationship Management &#8212; Method<\/title>\n<meta name=\"description\" content=\"Building long-term relationships with vendors leads to lower costs, higher quality, and happier customers. 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