08: Purchasing: Long vs. Short-Term Supplier Strategies

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In this eighth episode of the Voices of Importing podcast, InTouch Client Manager Matthew Milasius and Rick Kovack, experienced supply chain executive, talk about the difference between purchasing from short-term and long-term suppliers in this detailed podcast.

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

1. What do you think is the biggest risk of focusing only on short term wins with your supplier?
2. Do you feel that all suppliers deserve a long term strategy? Are there any occasions where thinking short term actually makes sense?
3. What are some assumptions/errors purchasers make about suppliers that can hurt their relationships and results with suppliers?
4. What do you think are the pillars of a good purchasing strategy?
5. What advice can you offer to small and medium sized enterprises, in particular? What about to large organizations?

If you enjoyed Rick's insights into manufacturing and would like to contact him, you can find him on LinkedIn at the link below:

https://www.linkedin.com/in/rick-kovac/