36 min listen
INTO THE DANGER ZONE: Effectively Managing The Dangers Of Single Sourcing With Darlyne Freedman
INTO THE DANGER ZONE: Effectively Managing The Dangers Of Single Sourcing With Darlyne Freedman
ratings:
Length:
31 minutes
Released:
Aug 24, 2022
Format:
Podcast episode
Description
ONE IS NEVER ENOUGH!Having a single supplier for your business is only convenient because you only need to talk to one party, but when the going gets tough, it can cause delays and problems. You gotta have some backup suppliers, and there’s no one better to share this experience than Darlyne Freedman, VP of Strategic Sourcing, Procurement, and Co-Manufacturing for Ruiz Foods. Darlyne will be sharing her experience with Sarah and how she was able to turn things around by creating a process for getting alternative suppliers. Tune in to learn more in this latest episode of What The Duck?!Show Highlights:Darlyne Freedman: Winding up in the supply chainBeing drawn to direct spendWhat is single-sourcingThe process of switching to multiple sourcesThe process of testing new sourcesAlternate supplier saves the dayQuotes:Darlyne - Being drawn to direct spend sourcing:“That's where a lot of the action is, and you're literally either making the product or building the building. So you get to see the results, right, you get to see all of the results of what you buy”Darlyne - Definition of single source:“You have decided as a company to go ahead and just buy it from that one person or company or broker.Darlyne - Alternate source is a must-have:“You need to have an alternate source. So I've taken an 80-20 approach 80% goes with, obviously, whoever we've decided is the best supplier for it. But we need to put 20% with an alternate supplier.”Darlyne - Get tight with R&D:“You need to be very tight with R&D, they know ways to improve, and things that are in those formulas or how to make that product. They know how to make the product, they know what's in the product, and they know ways that can help you.”Connect with Darlyne and learn more about her work:About DarlyneAbout Ruiz FoodsConnect with Sarah and find out more about what the duck she’s up to:About SarahAbout SourceDaySourceDay WebsiteTwitter: @sscudderHad fun with the podcast? Leave us a like, share our content, and subscribe! See you soon on the next episode of What The Duck?!
Released:
Aug 24, 2022
Format:
Podcast episode
Titles in the series (92)
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