One of the most valued skills in vendor management is negotiation. Careers can be made through artful negotiating if it gets your company the deals it needs in order to grow and be successful. For some people, it comes naturally. For others...not so much. But that's okay. Becoming a strong negotiator isn't determined by your DNA. With these tips and some practice, you'll be able to negotiate with any supplier with the confidence needed to close the deal.
Some time ago, you or a previous manager signed up for vending machine services at your property. Things were great for a while, and your staff, customers, or residents had a convenient way to purchase drinks and snacks.
We work with a lot of vending machine companies across the United States. As in, more than 1,500. In our more than twenty years of service, we've learned to be quite selective in choosing a supplier to work with. This allows us to provide the best vending services available for our clients from coast to coast. But how do we know if a supplier will be good?
Ask any procurement or purchasing department employees what their number one goal is and they'd probably say saving money and time. Whether it's for raw materials to make your products or ancillary services to support day-to-day operations, supplier management can be expensive. As everyone likes to save money, consider these tips to cut costs in your supply chain management.
Break rooms are an integral part of any workplace, and deserve a lot more attention than you'd think. Aside from simply providing a space where employees can decompress for a moment, a break room should be inviting and foster an environment where everyone can mix and mingle. If you're in the process of designing (or redesigning) your company break room, consider these essential items.
Have you been charged twice for an item you purchased from a vending machine?
You're probably upset about it, and rightfully so. But we're here to inform you that it's nothing to worry about. In fact, it's a common occurrence for many credit or debit card transactions and not just limited to vending machines.
The charge you see is called an authorization hold, a well-known practice within the banking industry.
What's the most valuable asset to any company? Most managers would agree that it's the people. Your employees are there day-in and day-out, helping propel your business forward in a myriad of ways. So why not create a workplace in which everyone is happy and proud to work?
What an amazing beverage. How could the world ever function without it? You laugh, but it's a serious question. Coffee is one of the most traded commodities in the world. Could you imagine a world without it?
There aren't enough hours in the day is a well-known phrase. You've probably used it yourself. More than once.
In today's increasingly fast-paced world, business leaders have to juggle so many aspects of running a company that there seems to never be enough time. The result is that their focus on what really matters becomes blurry. The core product or service offered quickly loses the attention needed to acquire new customers or even keep the old ones.