In today’s competitive market, rebate and incentive programs are essential for strengthening partnerships and fostering loyalty within the supply chain.
A recent example is the Supplier Incentive Scheme introduced by a UK city council. The initiative allows suppliers to receive early invoice payments in exchange for a pre-agreed rebate, enhancing cash flow and solidifying supplier relationships.
Such programs not only improve financial efficiency but also build trust and collaboration between trading partners.
Is your business leveraging similar strategies to enhance partner loyalty?