If you were asked to identify your most valuable asset, you would most likely answer that it is your customers. You would not be wrong; you need your customers in order to survive. However, there is another group that you rely upon for your survival: your suppliers.
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Think about the important business relationships in which you invest. Obviously, you have invested heavily in the relationship with your customers. What about other business relationships, especially the ones you have with your suppliers?
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Recently I read an article in the Supply Chain Technology News called "Is the Future of EDI in Blockchain?" that caught my attention. Blockchain is the technology behind Bitcoin, which is a digital currency that has grown in popularity and value. Several articles tout Blockchain as the next biggest thing since the Internet. The reason for this excitement is because of the security and distributed implementation.
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When you think of important business relationships, your customers are probably the first group that comes to mind. Maintaining good relationships with customers is paramount to any company. However, there is another group that enables you to satisfy your customers, namely, your suppliers
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In today’s fast paced world, we can all get caught up amid multiple business priorities. The question, I pose today is which of those priorities are the most important and how are they going to impact your business for future generations to come? At REMEDI, we have engaged our entire team in moving our company forward by focusing on Innovation. As Simon T. Bailey states in his recent blog: “Engaging your gears means putting your life into drive and positioning yourself in the middle of the action where ideas are happening.” This allows us to shift our brilliance and achieve our goals. Here are some key areas that Simon highlights:
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