Suppliers and purchasing

Building relationships with suppliers.

At eTax ZONE we can provide start-up businesses in the London area with help and advice. Here are some basic considerations regarding suppliers and purchasing.

When it comes to building a market and servicing it, you and your suppliers are on the same side, so you should consider trying to build a relationship with them that reflects that.

Sit down with them as 'partners' and try to work out an arrangement that benefits both parties.

Try to identify:

  • Products you can order in larger volumes in exchange for volume discounts
  • Orders you can discontinue because you can buy more cheaply elsewhere
  • Ways to revise delivery schedules to reduce your stock keeping costs
  • Opportunities to share marketing or promotional costs
  • Ways you can exchange information to improve efficiency at both ends

In a period of economic difficulty or uncertainty, remember that suppliers might raise their prices, so try to negotiate a long-term discount with them.

You could also consider putting all major costs out to tender on a regular basis.

If you are starting a business in the London area and would like help and advice, contact eTax ZONE.

Switching to us is easy!

If you’re looking to transfer to us from your existing accountant, we can take care of everything for you.

Simply fill in our contact form, and we will get in touch to discuss your needs.

We will then put together a service plan, and request some information about your business.

After this, we will contact your accountant and arrange the transfer on your behalf!

Contact us