No One Can Do It Alone In Business

‘No one can do it alone’

This is the key phrase for me when describing the current and future state of business. We are connected. We are clients. We are suppliers. We are individuals. We are organizations. And we are all of it and more at the same time. This means relations and connections are vital for our personal and business success.

And as businesses strive for growth and success, it’s important to understand the role that supplier engagement can play in achieving those goals. Working closely with suppliers can offer a wealth of benefits, from improved efficiency and cost savings to greater innovation and market agility.

By building strong relationships with suppliers, organizations can tap into new ideas and technologies that can make a significant impact on their bottom line. Whether it’s through co-creation of new products or services, or simply optimizing supply chain operations for greater efficiency, engaged suppliers can bring real value and growth to any organization.

In today’s hyper-competitive market, it’s more important than ever to prioritize supplier engagement as a key driver of business success. By building strong relationships with suppliers and working collaboratively towards shared goals, organizations can create more resilient and sustainable business models that drive growth, innovation and profitability.

Well that is easy said. But how to?

Realizing this means as a leader you need to look at how to make your culture fit cooperation and trust. Implementing a strong framework that is based on transparency, shared goals, clear focus and long term value is the key. You must want this as management…. Not just for show but intrinsic.

Arjen van Berkum

Arjen van Berkum is a columnist, keynote speaker and motivator, with an eye for business ecosystems, innovation and disruption. In addition to his work as technology and contract management evangelist, he is a visiting lecturer at Delft University of Technology (TU Delft).