28 min listen
Are You Putting Too Much Trust in Your Supply Chain? 403
Are You Putting Too Much Trust in Your Supply Chain? 403
ratings:
Length:
39 minutes
Released:
Apr 12, 2024
Format:
Podcast episode
Description
How important is building relationships and trust with your vendors? When you do have established relationships, are you placing too much trust in them? How do you balance being business savvy and trusting? Mark McCormack is known for saying “All things being equal, people will do business with a friend; all things being unequal, people will still do business with a friend.” How much does this matter in the supply chain? Let’s see if we have an answer. We dissect the topic in this episode of MakingChips. – Nick Segments [0:22] Join the AMT Community at AMTOnline.org [5:21] The Chip on Mike’s Shoulder: Managing vendor relationships [7:48] “All things being equal, people will do business with friends” [13:53] When good intentions get in the way of business [16:21] Are you providing value to your vendors? [18:44] How much transparency should you provide? [27:03] Navigating price increases with your vendors [32:18] Tracking quality, price, delivery, and more Resources mentioned on this episode Join the AMT Community ProShop ERP What They Don't Teach You at Harvard Business School Connect With MakingChips www.MakingChips.com On Facebook On LinkedIn On Instagram On Twitter On YouTube
Released:
Apr 12, 2024
Format:
Podcast episode
Titles in the series (100)
MC010: The Power of Networking: Who is in your network? In this episode we discuss the power of networking and how to properly cultivate relationships in your industry. Join MakingChips at the 3rd Annual Crain’s Midwest Manufacturers Summit. Crain’s Manufacturing Summit 1.... by Making Chips Podcast for Manufacturing Leaders