Why Suppliers & Contractors Need Business Credit Every company can benefit from building a strong business credit file, but it's especially important for suppliers and contractors. Your company's business credit scores and ratings tell a story about financial responsibility and risk - both of which are important to potential customers, landlords, insurers, and other partners. [...]
Small business suppliers and supplier-hopefuls, rejoice! The SBA just announced they are launching a Supply Chain Training Initiative in partnership with Connecticut-based United Technologies (who itself just announced it will invest $19 billion into hiring US small business suppliers over the next five years). According to the official press release, the program will include “events, webinars, and [...]
Leveraging the Supply Program Coordinator Relationship Similar to the federally and state-sponsored supplier diversity programs, many large corporations have supply programs for small businesses. Walmart, Home Depot and Northrop Grumman are just a few of the big name corporations that have these supplier programs, which give small business owners the opportunity to boost business revenue [...]
If you are doing any kind of business with the United States Government, you have likely seen the acronym LPTA, which stands for Low Price Technically Acceptable. What does LPTA mean to you as a government supplier and how might it present you with challenges? What does LPTA mean to you as a government supplier and [...]
Why Start With Subcontracting In some cases, typically if your business is young, it will not qualify to contract directly with certain companies or government agencies. In cases like these, you can look into becoming a subcontractor to the company in question by providing goods or services to a business already in their supply [...]
Revamp your supply chain for 2017 to help make it more flexible and collaborative. Mark Toner shares a few steps you can take to get you started.
“Getting a foot in the door” when it comes to winning government contracts for women-owned businesses can seem to be a daunting task. “Set-asides” and special initiatives for women-owned businesses can be helpful, but often winning business requires a unique combination of strategy, ingenuity and tenacity. According to the Commerce Department, businesses owned by women [...]
If the holiday season is your busy season, use these tips to help prepare your supply chain for the high demands of the holidays, or whenever your busy season is!
Human Trafficking laws in the US and UK have recently been amended. Get a recap of the changes here and help protect your business.
FinTech is helping big businesses streamline payment processes. Learn how it could help small businesses in their supply chains.