Retail Checks & Balances
Welcome to Retail Checks & Balances!
I'm your host Kevin Spencer and this podcast takes you behind the scenes of the bustling world of commerce and culinary delights to help you grow your business and WIN!
For the past 22 years I've been helping retail businesses with maximizing their profitability along with process deliverables and I would like to share my expertise and what I've learned along the way.
In each episode, we'll bring you captivating interviews with industry experts, passionate chefs, epic restauranteurs and inspiring retailers, as they share their insights, experiences, and the recipe for their achievements.
So join us as we explore the fascinating stories, trends, and challenges that shape the retail and hospitality industry, from cozy corner cafes to sprawling shopping malls.
If you want to star in your own episode reach out to
bookings@retailchecksandbalances.com
Retail Checks & Balances
Relationships In The Supply Chain
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/
