Top 10 Challenges Faced in Buyer Supplier Relationship Management

One of the most looked through-relationship in a business is the one you have with your vendors. For a business to deliver highly satisfactory services, it is important to have a streamlined workflow starting exactly from the vendors. Delays, gaps, and miscommunications can lead to a subsequent pause in deliveries, hampering your overall business rapport. While you can always keep a close eye on your in-house processes, dealing with third parties isn’t as easy. There are always some unknown gaps that your business has to come across on a day-to-day basis. A business on average faces a regular delay of 48-72 hours while expecting shipments. But, the state of crisis occurs when the duration and frequency of delays increase. The source of error resulting in conflicts could-be-anything. Understand and rectify the conflicts to its exact necessity to ensure smoother processes. the top 10 Challenges faced in any buyer-supplier relationship management and how they can be resolved: