Barnet  
020 8216 2520

Croydon  
0208 150 9950

Cambs  
01354 707 911

Southgate  
0208 886 9589

Ilford  
0208 216 2536

At BBK we can provide start-up businesses in the Barnet, Chatteris, Croydon, Southgate and Ilford 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 Barnet, Chatteris, Croydon, Southgate and Ilford area and would like help and advice, contact BBK.


Client Reviews

Ariaratnam Kandeepan

BBK Partnership

Reviews and Ratings for Accountant Ariaratnam Kandeepan, London

icaew logo iris logo accountz logo icaew-insolvency logo r3 logo british-accountancy-awards logo accountancy-age logo sage logo quickbooks logo Xero logo