Have you heard the phrase, “No man is an island”? This sentiment is true for business too.
In the 21st century, it seems like no company works alone. Businesses often work together to deliver the best products or services to their customers.
Social media networks have made it easy and inexpensive to collaborate with vendors who aid the strategic development of products or services. However, many companies do not have a specific business strategy for approaching and maintaining vendor/partner relationships.
A common solution is to adopt a learning management system (LMS) as a tool that hosts collaboration. A social LMS uses realtime data exchange to ensure two or more businesses are on the same page, at all times.
Using an LMS to Advance Vendor/Partner Relationships
By creating a business strategy that adopts an LMS, you and your partners can coordinate administrative tasks, collaborate on business ideas, and become more efficient in serving yours clients.
Coordinate Tasks- It is imperative that partners are able to effectively coordinate administration tasks, production schedules, and partner meetings. With an LMS, once action steps are declared, they can immediately be documented in the database and on all calendars to avoid miscommunications and confusion.
Collaborate- Social media tools allow you to communicate in realtime, sending and receiving vital information quickly. Also, using the database of an LMS ensures partners have access (and can contribute) to manuals, training curriculums, reports, and other resources.
Being Efficient- With an LMS to support vendor/partner relationships, all parties can adapt to their roles quickly because they have ready-made training courses available. This allows vendors to devote less time and departmental resources to administrative duties because LMSs are capable of performing these tasks fast and effectively.
Are you interested in exploring how an LMS can take your business to the next level by enhancing your vendor/partner relationships? The award winning social learning management system TOPYX, invites you to take a free demo by clicking here: http://interactyx.com/request-a-demo/.
TOPYX is an LMS that is commonly used in vendor/partner relationships. With easy admin tools, reporting options, and communication features, TOPYX allows any business to exceed norms by effectively collaborating with other partners who can bring about the next level of business success.
There is even a usage study PDF detailing TOPYX’s as an external facing training portal for partners. You can download it at: http://interactyx.com/PDFs/TOPYX_Case_Portal.pdf
The value of the vendor/partner relationship is incalculable. In this sense, the vendor/partner relationship is not that different from the vendor/customer relationship. To ensure a successful connection, a strategic development plan is necessary to support a partnering business, and in turn, have them support you. This can easily be made reality when you incorporate the right LMS.
Jeffrey A. Roth
Vice President, Marketing and Communications