Management Solutions To Develop Vendor Relations
Establishing a vendor management system is vital to your long-term success. Hokanson Companies, Inc. helps you build and maintain vendor relationships and leverage them to achieve your business goals.
An effective vendor management plan details the strategies and activities you use to collaborate with vendors—it includes everything from contract negotiation, risk management, vendor onboarding, and cost control measures. Corporations without a solid supplier management approach struggle to identify and pursue cost-saving opportunities, strengthen their supply chain, and encourage long-term vendor performance.
Hokanson has helped organizations establish and fortify their vendor relations since 1938. We offer innovative vendor management solutions to build fruitful vendor relationships that yield valuable new opportunities and position them for long-term success.
Our corporate real estate service professionals offer vendor management solutions to help you:
Hokanson Companies was founded on the principles of sound real estate asset management and long-term client relationships. Throughout our history, we’ve improved our best standards of practice and revised our processes to align better with your objectives and keep you competitive in a fast-paced business environment. We understand how to develop personal relationships with clients and apply our expertise to inform vendor relationship management (VRM) solutions.
Poor communication in supplier management can jeopardize your business goals. Hokanson bolsters your vendor management process with communication tools and resources that help you collect and transfer relevant vendor information. We ensure your vendor understands your requirements and that you completely comprehend their capabilities.
Classifying potential vendor opportunities and defining vendor risk are essential. Hokanson has over six decades of experience in maintaining vendor relations, and we apply our knowledge to establish your risk management strategy. We classify vendors based on their compatibility with your culture and business objectives to deliver high-value suppliers to your company.