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/