• Relationships In The Supply Chain

  • Sep 16 2024
  • Length: 9 mins
  • Podcast

Relationships In The Supply Chain

  • Summary

  • In episode 35 of Retail Checks and Balances, Kevin Spencer dives into the crucial vendor business relationship that underpins the food and retail industries. He emphasizes that any delays or quality issues from vendors can disrupt business operations, making these partnerships vital for success.


    Tune in to understand why cultivating strong vendor partnerships is vital for success in the retail and culinary sectors.


    TIMESTAMPS

    00:00:00 - Introduction to Retail Checks and Balances

    00:00:32 - Vendor Business Relationship Basics

    00:01:16 - Importance of Vendor Relationships

    00:02:04 - Vendor Relationships in Supermarkets and Restaurants

    00:03:10 - Building Trust and Mutual Benefit

    00:03:54 - Reliability and Transparency in Vendor Relationships

    00:04:49 - Challenges in Vendor Relationships

    00:05:46 - Resolving Vendor-Business Conflicts

    00:06:21 - Trends in Vendor-Business Space

    00:07:25 - Summary and Future Outlook

    00:08:20 - Closing Remarks and Subscription Reminder


    QUOTES

    • "These relationships between vendors and businesses are built on trust, communication, and mutual benefit. And I say they would mutually benefit because the partnership must benefit both mutually."
    • "The most successful partnerships are those where both sides are willing to work through issues together rather than jumping ship at the first sign of trouble."
    • “One of the biggest strengths is the rise of technology in managing these relationships.”



    SOCIAL MEDIA LINKS


    Kevin Spencer

    Instagram: https://www.instagram.com/kspencer007/

    LinkedIn: https://www.linkedin.com/in/kevinspencer007/



    WEBSITE


    Rod Plus Solutions: https://rodplussolutions.com/



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