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In the world of procurement, the choice between small and large suppliers has been a subject of debate, writes Megan Wu, Director of Luxsol. With the rise of online platforms, businesses now have more access than ever to a diverse range of suppliers. While larger suppliers offer perceived credibility through money spent building their brands through various channels, there are compelling reasons to consider choosing smaller suppliers. Here are some key points to consider:
1. Flexibility and customisation:
Smaller suppliers are often more willing and capable of accommodating specific customisation requests. They can adapt their products or services to align with individual business needs. This flexibility can lead to tailor-made solutions that might be harder to achieve with larger suppliers following standardised procedures.
2. Personalised attention:
Smaller suppliers have fewer clients to manage compared to larger counterparts. This allows them to dedicate more time and personalised attention to your account. Your business is more likely to be a priority, and communication tends to be more direct and responsive.
3. Innovation and creativity:
Smaller suppliers are usually more agile and open to experimentation. They can bring fresh ideas and innovative approaches to the table, helping your business stay ahead of the curve. In contrast, larger suppliers might be more constrained by their established processes and less inclined to embrace change.
4. Stronger partnerships:
Choosing a smaller supplier can foster a sense of partnership and collaboration. Your success is closely tied to their success, creating a mutually beneficial relationship. This can lead to a deeper understanding of your business and its needs, resulting in better service.
5. Competitive pricing:
Smaller suppliers often have lower overhead costs, allowing them to offer competitive pricing. This can be particularly advantageous for businesses operating on tighter budgets. Additionally, smaller suppliers might be more open to negotiation, offering a win-win situation for both parties.
6. Niche expertise:
Many smaller suppliers specialise in specific industries or niches. Their focused expertise can lead to high quality products or services that cater directly to diverse sectors’ requirements. This specialisation can be especially valuable when seeking unique solutions.
7. Community support:
Choosing smaller suppliers can contribute to supporting local economies and communities. By working with local or small businesses, you contribute to their growth and stability, which can have positive social and economic impacts. The money you spend stays in the community it is spent in.
8. Easier communication:
Smaller suppliers typically have fewer layers of bureaucracy. This streamlined structure leads to more direct and efficient communication. Decisions can be made quickly, ensuring timely responses to your inquiries or concerns.
9. Potential for growth:
Partnering with a smaller supplier early on can create room for growth together. As a business expands, you can find opportunities for collaboration that wouldn’t be as feasible with larger, established suppliers.
Conclusion:
Luxsol Shutters could be considered a small supplier. While both small and large suppliers have their merits, the advantage of choosing a smaller supplier is worth consideration. When conducting research, businesses should consider their specific business needs, long-term goals, partnerships and the unique advantages that a smaller supplier can bring to the table.
