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Warwick, RI--Retailers who regularly monitor their credit ratings help maintain good business relationships with their suppliers. That's the premise behind the Jewelers’ Board of Trade's new Retailers’ Must-Have Guide to Working with JBT, which tells retailers how to both keep track of their business rating and offers tips for improving it.

Keeping information up-to-date and accurate is a mutual endeavor, says JBT. Retailers are urged to first be sure they have a listing, and then to provide annual updates (including vendor references). A listing costs nothing and helps suppliers know there is data available to use in their credit review process—which in turn may expedite the beginnings of a business relationship.

JBT encourages all retailers to maintain communication with the organization. In addition to providing annual updates, retailers are encouraged to contact JBT with any questions or concerns about their credit information on file. In addition to being listed, retailers are encouraged to join JBT as members so as to better assess their own business partners and also to ensure they’re in compliance with the PATRIOT anti-money laundering act and other laws, as well as to keep track of their own credit rating.

The complete Guide can be accessed and downloaded here.