Season 2 Episode 5: Optimise, not rationalise! How many suppliers should you have? We discuss what is the right amount to have and how to manage them all amongst the rest of the day job!

In episode 5, we continue our chat on suppliers - as we’ve said, they are the centre of product! We’re talking about that optimum number of suppliers, comparing our supply base to our wardrobe and building long standing relationships with core suppliers. We touch on sustainability, from more of a business stability point of view and discuss bringing on new suppliers, new products and new capabilities. Whether there is a return to heritage suppliers and long standing suppliers that understand your brand. How best do you manage suppliers, ensure they have the TLC they need, but also limit the contact in your already very busy day! Our top tips for creating and ensuring you have a great supply base to work with.     

Here are our 3 recommendations- 

1. Optimise, not rationalise. Fewer suppliers means more focus, but don’t get rid of too many! If you are considerate in what you need, you can make sure you have the strongest range and spread the risk. 
2. Encourage more partnerships, particularly with your top suppliers, invest in each other. Have full confidence in each other and support growth on both sides.
3. Sustainability is key, make sure the right intentions are there, dont buy into greenwashing ensure your suppliers are clearly invested for the right reasons 

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