Alignment With Strategic Partners
Why We Cultivate Strategic Partnerships
Here at Xact Stone we continue to look for advantages to gain a competitive edge, increase profit and minimize risk, all of which has a serious impact on reduced resource costs, decreased time-to-market and access to new markets. These advantages come from our strategic partnerships with various organizations, all of whom provide the potential to increase growth and efficiencies for all that are involved.
Here are five reasons for our strategic business partnerships.
1. Help overcome business fears
All business leaders, at some point in time encounter fear about changes that affect their business, sometimes this change is market-driven, regulatory or industry-specific. Having strategic partners can help minimize the impact of any such changes that may occur and have the potential to inhibit growth.
By being pro-active in this area, we can provide a better foundation for growth and increased productivity by allowing you to focus on growing your business.
2. Increase your expertise and your resources
Partnering with large suppliers, manufacturers and industry experts allows for a shortened path for your go-to-market life cycle and possibly your sales cycle as well.
Such partnerships allow for delivery of product and service that demonstrates value for our business partners and our respective clients.
3. Decrease your cost of acquisition
Leveraging our suppliers’ capabilities and resources allows you to achieve the desired goal without taking on the immediate expense and overhead.
Our suppliers provide product on a consignment basis allowing for the sale and fabrication of a project before the expense of the product is due. This procedure provides better cash flow that can be used in other areas of your business.
4. Create predictable revenue streams
Our strategic partnerships are designed to be lucrative for both organizations involved. We agree to use only the products or services of our partners and, in return, our pricing for such products is reduced and allows for a stronger position in the markets we serve.
5. Provide incremental lift to sales and revenue
Due to our focus on fabrication only we have a higher capacity, this translates into stronger revenue streams because we are less likely to incur fluctuating prices for our materials thus gaining potential to sell to larger national accounts that require contractual pricing for large development projects.
We continue to seek additional organizations and/or associations with whom we can partner with to gain greater access to different target markets. With an obvious goal of increasing both sales and revenue.