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Are You Putting Too Much Trust in Your Supply Chain? 403

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Manage episode 412178666 series 2109473
Content provided by Jason Zenger, Nick Goellner and MakingChips LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Zenger, Nick Goellner and MakingChips LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 Connect With MakingChips
  continue reading

416 episodes

Artwork
iconShare
 
Manage episode 412178666 series 2109473
Content provided by Jason Zenger, Nick Goellner and MakingChips LLC. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Zenger, Nick Goellner and MakingChips LLC or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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 Connect With MakingChips
  continue reading

416 episodes

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