When considering purchasing materials and equipment for our homes, we generally try to check with at least three suppliers to ensure we get the best value for our goods and at an affordable price. This makes total sense as it maximises our satisfaction, but this method shouldn’t apply to the purchase of materials for our home decoration.
Having different suppliers, especially in cases where the purchase is complicated, and each supplier needs to deliver their products at the right time and place, can be time-consuming and create missed opportunities. It could also create unnecessary risks and may end up compromising standards, especially where decoration is concerned. In these cases, more benefit is derived from working with a single supplier.
Purchasing multiple types of furniture from numerous suppliers would end up taking a significant portion of your time. When considering the number of materials that need to be purchased, the cost implication would be very high. Managing a lot of suppliers could also be tricky, especially if problems develop. Also, compiling different performance-based reports provided by multiple suppliers could end up wasting your time. Utilising a single supplier, avoids these problems and allows him to give you a complete picture of the project without wasting your time.
- Reducing Risk
Most of us tend to avoid taking risks, and using a single supplier helps to reduce the level of risk involved. The potential fallout involved in risk-taking, such as missed deadlines, could affect the overall cost of the decoration. The resources needed to mitigate these risks may not be available; hence it is advisable to work with a single trustworthy supplier.
- Lower Prices
Working with a single supplier for the supply of your furniture could help to reduce costs. When dealing with the right supplier, not only do they reduce …