{"id":12147,"date":"2022-10-19T07:54:00","date_gmt":"2022-10-19T13:54:00","guid":{"rendered":"https:\/\/www.shieldagency.com\/blog\/?p=12147"},"modified":"2022-10-18T10:12:15","modified_gmt":"2022-10-18T16:12:15","slug":"11-clear-signs-its-time-to-cut-ties-with-a-vendor","status":"publish","type":"post","link":"https:\/\/www.shieldagency.com\/blog\/11-clear-signs-its-time-to-cut-ties-with-a-vendor\/","title":{"rendered":"11 Clear Signs It\u2019s Time to Cut Ties with a Vendor"},"content":{"rendered":"\n

Maintaining good relationships with your vendors helps ensure that you consistently receive the goods and services you need and achieve mutually beneficial goals. But when the buyer-supplier relationship<\/a> begins to sour for whatever reason, it may be best for your business to cut ties and move on.<\/p>\n\n\n\n

Published:\u00a0Oct 9, 2022\u00a0by\u00a0The Young Entrepreneur Council<\/a>\u00a0In\u00a0Small Business Operations<\/a>1<\/a><\/p>\n\n\n\n

To help you determine whether it\u2019s time to seek out a new vendor partnership, 11 Young Entrepreneur Council (YEC) members shared their insights on the following question:<\/p>\n\n\n\n

\u201cWhat\u2019s one warning sign that it might be time to cut ties with a particular vendor, and why?\u201d<\/strong><\/h2>\n\n\n\n

Here\u2019s what YEC community members had to say.<\/p>\n\n\n\n

1. They Won\u2019t Renegotiate Redlined Clauses. Cut Ties<\/h3>\n\n\n\n

\u201cSometimes it\u2019s hard to know which side people are on or if they will even change sides. If you redline a harmful clause in your contract and send it back to a vendor, they will react. There\u2019s no problem if the reaction is a compromise. If it\u2019s not, and things escalate, end the relationship. Compromise strengthens aligned relationships and breaks misalignment.\u201d ~ Sean Adler<\/a>, GZI<\/a><\/p>\n\n\n\n

2. They Can\u2019t Deliver Within an Expected Timeline<\/h3>\n\n\n\n

\u201cOur saying is, \u2018You are only as strong as your weakest partner.\u2019 If our vendors can\u2019t deliver consistent products or within the timelines our customers expect, we move on quickly. There is always another great vendor out there who wants to work as hard and as thoughtfully as we do.\u201d ~ Michael Barnhill<\/a>, Specialist ID<\/a><\/p>\n\n\n\n

3. They Affect the Quality of Business Operations<\/h3>\n\n\n\n

\u201cA big red flag is when vendors begin to affect the quality of your business operations and offerings. This might look like failure to deliver supplies on time, quality going down or failure to communicate. Of course, mistakes can happen. But if the situation becomes a pattern, it\u2019s a sign to move on before their lack of discipline disrupts your business operations and dampens quality.\u201d ~ Blair Thomas<\/a>, eMerchantBroker<\/a><\/p>\n\n\n\n

4. They Stop Providing Product Support<\/h3>\n\n\n\n

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Check out more great blogs by Shield Insurance Agency!<\/h2>\n\n\n