Monday, October 17, 2022

How to Find and Work With Suppliers - Entrepreneur

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Whether you're looking for raw materials for manufacturing or finished products to resell, this guide will help you find and forge great relationships with suppliers.
are essential to almost every . Without to make what you sell or manufacturers to provide what you resell, you will have a tough time growing. There are also many supplies and services your business consumes as part of general overhead, from paper clips to Internet access.
Suppliers and vendors-the terms are used interchangeably here-can do much more than merely supply you with the materials and services you need to do business. They can also be important sources of information, helping you evaluate the potential of new products, track competitors' actions and identify promising opportunities. Vendors can turn into partners, helping you cut costs, improve product designs and even fund new efforts. If you don't make selecting good suppliers and vendors a part of your growth plan, you're likely to regret it.
Evaluating Your Suppliers and Vendors
Suppliers can be divided into four general categories. They are:
What Makes a Good Supplier?
A lot of growing companies focus on one trait of their suppliers: price. And price certainly is important when you are selecting suppliers to accompany you as you grow your business. But there's more to a supplier than an invoice-and more to the cost of doing business with a supplier than the amount on a purchase order. Remember, too, that suppliers are in business to make money. If you go to the mat with them on every bill, ask them to shave prices on everything they sell to you, or fail to pay your bills promptly, don't be surprised if they stop calling.
After price, reliability is probably the key factor to look for in suppliers. Good suppliers will ship the right number of items, as promised, on time so that they arrive in good shape. Sometimes you can get the best reliability from a large supplier. These companies have the resources to devote to backup systems and sources so that, if something goes wrong, they can still live up to their responsibilities to you. However, don't neglect small suppliers. If you're a large customer of a small company, you'll get more attention and possibly better service and reliability than if you are a small customer of a large supplier. You should also consider splitting your orders among two smaller firms. This can provide you with a backup as well as a high profile.
Stability is another key indicator. You'll want to sign up with vendors who have been in business a long time and have done so without changing businesses every few years. A company that has long-tenured senior executives is another good sign, and a solid reputation with other customers is a promising indicator that a company is stable. When it comes to your own experience, look for telltale signs of vendor trouble, such as shipments that arrive earlier than you requested them-this can be a sign of a vendor that is short on orders and needs to accelerate cash receipts.
Don't forget location. Merchandise ordered from a distant supplier can take a long time to get to you and generate added freight charges quickly. Find out how long a shipment will take to arrive at your loading dock. If you are likely to need something fast, a distant supplier could present a real problem. Also, determine supplier freight policies before you order. If you order a certain quantity, for instance, you may get free shipping. You may be able to combine two or more orders into one and save on freight. Even better, find a comparable supplier closer to home to preserve cost savings and ordering flexibility.
Finally, there's a grab bag of traits that could generally be termed competency. You'll want suppliers who can offer the latest, most advanced products and services. They'll need to have well-trained employees to sell and service their goods. They should be able to offer you a variety of attractive financial terms on purchases. And they should have a realistic attitude toward you, their customer, so that they're willing and eager to work with you to grow both your businesses.
Changing Your Supplier Relationships
You may not need to find new suppliers to get a new deal. You can usually get discounts, obtain improved service and receive other features you need by making a request of your current suppliers-although it may not be as simple as merely asking. Here are some of the options and negotiating strategies for turning mediocre suppliers into top-shelf ones.
Making a Change
Having fewer vendors is usually better than having many vendors. Reducing the number of vendors you deal with cuts the administrative costs of working with many. Closer relationships with fewer vendors allow you to work together to control costs. Getting rid of troublesome vendors can quickly increase the efficiency of your purchasing and administrative staffs. So how do you decide when to change vendors? Here are keys areas to consider:
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Safety tips for latchkey children from the AMR - SuperTalk Mississippi

As students across Mississippi have returned to the classroom, the American Medical Response, Inc. (AMR) has provided some safety tips for youth who return home from school while their parents are not present, also known as latchkey kids.
With inflation and the current state of the economy being a burden on many Mississippians, a lot of parents are unable to afford after-school care for their children but are also uncomfortable with the idea of leaving their kids at home unattended.
Eric Phillips with AMR sat down with us and discussed how parents and children can best be prepared to ensure the youth’s safety at home while an adult is not present in the home.
“The biggest thing is to have kind of a plan and a known way to act when they get home, specifically that the kids go through different scenarios and stuff that may go on,” Phillips said in an interview on The Metro.
Phillips gave the following list of recommendations for parents to teach latchkey children in order to maximize the kid’s safety in the home:
“If you do have those good routines down, if you are a working parent, and you’re not there when your child comes home, make sure that you have a way for them to call you,” Phillips said adding, “That’s a primary, but if you’ve got that routine already in place and you’ve already got it, make sure that you have a backup. If you’re at work and something happens and you’re not there and they call and they cannot get you, make sure that there’s somebody else that they can call and say, ‘Hey, I’m home.'”
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Canadian authorities propose new changes to Express Entry rules from 2023 - Economic Times

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Sunday, October 16, 2022

Think more quickly as you age by boosting exercise and mental activities, study says - CNN


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U.S. Issues 9 New Travel Advisory Updates For September - Travel Off Path

Posted on Last updated: September 20, 2022 Categories Travel, Travel News
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The United States has issued 9 new travel advisory updates for September. The updates, which were posted onto the State Department’s website just yesterday, were issued as we enter a busy fall and winter period of international travel and could have a significant impact on the travel plans of many. A diverse range of countries were affected, from stunning Caribbean islands to a pair of African gems that could be on the radar for fans of traveling off path. Here’s a look at which countries were affected by yesterday’s updates
Cabo Verde received a Level 1 travel warning in yesterday’s update, highlighting the destination as one of the safest places to visit in the world. The stunning archipelago, which is located off the eastern coast of Africa in the Atlantic Ocean, is home to areas that have more risk than others, with arrivals asked to exercise increased caution in the capital city of Praia due to crime, such as burglary, armed robbery, and assault. According to the CDC, Cabo Verde has a low level of Covid-19.
Another stunning collection of islands to receive a Level 1 update was Fiji. Those traveling to the 300-island archipelago – which is situated 1,100 nautical miles north of New Zealand – are recommended to exercise normal precautions, allowing them to explore the country’s clear lagoons, coral reefs, and stunning beaches with relative peace of mind. The CDC indicates that there is a moderate level of Covid-19 in Fiji. 
Kuwait and Mauritius have also been handed Level 1 travel advisory updates by the State Department. However, that doesn’t mean that travel to these destinations is completely without risk. Those heading to Kuwait have been warned not to travel to the border with Iraq due to the prevalence of unexploded ordnance, while travelers going to Mauritius should be aware of the country’s high level of Covid-19. Kuwait has a low level of Covid-19, according to the CDC.
Two Caribbean spots that are popular with cruise ships were also handed Level 1 travel advisories as a part of yesterday’s updates. Both Saint Kitts and Nevis and Sint Maarten were designated as Level 1 countries, with the CDC adding that the two countries have a moderate level of Covid-19 at present. 
Namibia and Morocco have also been awarded Level 1 and Level 2 travel advisories, respectively. The two destinations are amongst the hottest places to visit in Africa; few who visit Morocco fail to leave anything other than transfixed by its stunning architecture and the magical blue city, while Namibia’s stunning national parks are amongst the best in the continent. Now, travelers can visit both safely in the knowledge that they are considered amongst the safest destinations by the State Department. Both countries have a low level of Covid-19, but those heading to Morocco should exercise increased caution due to the risk of terrorism.
Only one country was placed in the Level 3 category, which carries a recommendation that travelers should reconsider their travel plans. Travelers should reconsider travel to Mauritania due to crime and terrorism, while some areas have been designated as off-limits by the Mauritanian military. According to the country’s travel advisory page, violent crimes, such as mugging, armed robbery, and assault, are common. The country has a moderate level of Covid-19. 
Fortunately, no countries were placed in Level 4 during the most recent round of updates – a stark contrast to the situation at the height of the pandemic when plenty of destinations were tarred with a Do Not Travel warning on an almost weekly basis. Travelers should always make sure that they read the travel advisory pages of whatever destinations they are planning to visit to ensure that they are aware of potential issues they may encounter and to help them make an informed decision about whether to go through with their travel plans or not. 
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This article originally appeared on Travel Off Path. For the latest breaking news that will affect your next trip, please visit: Traveloffpath.com
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Disclaimer: Current travel rules and restrictions can change without notice. The decision to travel is ultimately your responsibility. Contact your consulate and/or local authorities to confirm your nationality’s entry and/or any changes to travel requirements before traveling.  Travel Off Path does not endorse traveling against government advisories

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Saturday, October 15, 2022

5 leading retailers in home furnishings featured in LinkedIn's retail rankings - Home Textiles Today

Sunnyvale, Calif. — A group of home furnishings retailers made the cut in LinkedIn’s Top Companies 2022: Industry Edition’s retail rankings.
The online networking platform described the feature as a ranking of the 25 companies in nine major U.S. industries that are investing in their talent and helping people build careers that set them up for long-term success. It ranked 25 businesses each in Financial Services, Media & Entertainment, Health Care, Marketing & Advertising, Travel & Hospitality, Retail, Consumer Goods, Real Estate and Technology & Information.
Amazon, which ranks #3 among the Top 50 home textiles retailers in HTT’s upcoming Retail Giants reporTt, topped LinkedIn’s list. Walmart, #1 among the home textiles retailers, came at No. 5 for LinkedIn. Also included in the retail rankings were City Furniture (No. 9, Casper (No. 11) and Mattress Firm (No. 12).
Walmart: ‘There’s a lot of money out there’
Casper ramping up retail partnerships for growth
 
Thomas Lester is Retail Editor for Furniture Today and Digital/Managing Editor for Home Accents Today. A graduate of Emory & Henry College's Mass Communications program, Lester spent a dozen years working for newspapers in Virginia and North Carolina covering an array of subjects, ranging from community news, government, education, ACC sports, professional baseball and more before joining Furniture Today in 2013. Reach out to me with your story ideas, tips and more at tlester@furnituretoday.com.
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