At HPH we can provide start-up businesses in the Yorkshire area with help and advice. Here are some basic considerations regarding suppliers and purchasing.

When it comes to building a market and servicing it, you and your suppliers are on the same side, so you should consider trying to build a relationship with them that reflects that.

Sit down with them as 'partners' and try to work out an arrangement that benefits both parties.

Try to identify:

  • Products you can order in larger volumes in exchange for volume discounts
  • Orders you can discontinue because you can buy more cheaply elsewhere
  • Ways to revise delivery schedules to reduce your stock keeping costs
  • Opportunities to share marketing or promotional costs
  • Ways you can exchange information to improve efficiency at both ends

In a period of economic difficulty or uncertainty, remember that suppliers might raise their prices, so try to negotiate a long-term discount with them.

You could also consider putting all major costs out to tender on a regular basis.

If you are starting a business in the Yorkshire area and would like help and advice, contact HPH.

Home | Contact us | Accessibility | Disclaimer | Help | Site map | April
© 2018 HPH Accountants LLP. All rights reserved.

York Office : HPH Accountants LLP, 54 Bootham , York YO30 7XZ
Harrogate Office : HPH Accountants LLP, 13 Hornbeam Square South, Harrogate, North Yorkshire HG2 8NB

We use cookies on this website, you can find more information about cookies here.