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Things To Consider When Talking To Vendors

August 14, 2021 Leave a Comment

When you’re searching for new manufacturers, take these things to consider when talking to vendors and apply them before the season breaks so you’re not late on fall deals and themes. Pay attention to the time zone differences, the shipping cost flat rate, and if you aren’t buying wholesale.

Time Differences

Depending on how far you outsource your products, you must be cognizant of the time differences. These are important to keep in mind when thinking about productivity, response times, and deadlines. The time differences are also important to remember when thinking about shipping and receiving your products.

Shipping

When talking with your vendors, you must understand each of them is in charge of a business just like you. With that in mind, be aware that time frames will vary depending on where you’re shipping from. Prevent issues by having a clear understanding of their rates, processes, handling, and any possible overseas fees.

Bulk Ordering

When considering if the vendor is perfect for your business, take into consideration how they handle bulk orders. When ordering bulk, you must inquire about having cheaper shipping rates or if the prices will be the same. Something else to consider is if the quality of the products remains the same thereafter so you get the most value for your money. A great tip: when talking to vendors, ask for a sample of the product and test it three to six months before purchasing it in bulk.

Cross-Cultural Communication

Depending on where you’re shipping from, the most important thing to consider when talking to vendors is your cross-cultural communication skills. Luckily, we have translators, non-verbal communication, and video calling. Check your expectations and be respectful.

Vendors are an essential part of your business—they’re essentially a part of your business family!

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This Month in History

On June 9, 2017, The Body Shop’s owner L’Oreal announced it had received an offer from Natura Cosméticos to acquire The Body Shop. The proposed transaction would value The Body Shop at EUR 1.0 billion.

This acquisition was completed in September in the same year and The Body Shop joined the Natura group.

The Body Shop, the iconic brand focusing on innovative, nature-inspired products, was founded in 1976 by Anita Roddick in England. It was acquired by L’Oreal in 2006.

In 2020, The Body Shop increased its revenue by 32% within the Natura group. Its 2021 revenue increase was 9%.

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