04. Fostering Positive Relationships with Suppliers

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In this fourth episode of the Voices of Importing podcast, InTouch Client Manager Matthew Milasius and product sourcing wizard Nathan Resnick discuss ways to foster positive relationships with suppliers, factors that contribute to sourcing costs and more!

Here are the questions Nathan and I discussed during the podcast:

1. What’s the biggest misunderstanding importers have when it comes to starting their relationship with a new supplier? What about misconceptions about maintaining the relationship?
2. What do you think are the pillars of a good supplier relationship?
3. What are some absolute “no-nos” when it comes to your relationship with your supplier? Is there anything that you highly advise against that can “sink the ship”?
4. Can you generalize and describe three tiers of suppliers – the good, the medium, and the bad, and how relationships will differ with each of these types of suppliers?
5. Aside from the revenue your orders bring in, what do you think suppliers value most in a relationship?
   

   Unrelated to supplier relationships, but important questions nonetheless

6. Why does finding the right suppliers take a lot of time for some importers?
7. What factors contribute to sourcing costs for importers?

If you enjoyed Nathan's insights into manufacturing and would like to contact him, you can visit the website of Sourcify. Link below:

https://www.trysourcify.com/