Hope you’re enjoying We Dared To Dream. Thanks for your question.

A vendor is another term for a supplier. In business these people are obviously important to you – and far too often neglected. It’s worth remembering that from their point of view you’re a customer and they are vested in your success!

In the past Angelique and I have gained very attractive terms from vendors / suppliers that we knew. There is a side benefit. Business is also about relationships. This type of deal often strengthens and elongates a business relationship. Good for both sides!

When I ran a multi billion dollar business – supply chain / vendor management was a key long term consideration. It’s not just about screwing the lowest prices out of your suppliers.

There’s an old project challenge. You can have it fast, cheap and good. But you can only have two. Think about that. It relates to your vendors and suppliers very specifically.

Anyway, I think that’s another post.
Rob