Sourcing of the Future

A New Series: Sourcing of the Future I am, by profession and nature, both a lover and student of retail. I try to stay current on industry trends, and since my particular passion is sourcing, whenever I hear about the latest and greatest retail innovators, my first question is: “How are they going to make, sell, and ship that?”  So, in the next several articles I’m going to share my thoughts on how sourcing is […]

Moving Forward

Moving Forward   As you’ve already probably deduced, lists factor quite heavily into the vetting process. In fact, in the last several articles, I’ve given you lists of categories to vet . . .  and lists of questions to ask. Now, I must admit these articles have been fun to write, because I heart lists. Lists fit my personality. They’re easy to use. And boy, do they help me get things done. But lists alone […]

Red Flags

Red Flags Vetting prospective suppliers is part art, part science. To do it well, you’ll need to navigate in the gray, as well as calculate in black and white.  But as I have outlined recently, there has never been a more critical time to be sure that you have the correct partners to support strategic initiative launches, such as your participation in the circular economy. When you begin a partnership with a new supplier, you […]

The Unfair Competitive Advantage

The Unfair Competitive Advantage As part of your vetting, you’ve asked your prospective supplier some questions, as well as a few more and a few more. But now what? Well, I’d suggest you find out what sets this supplier apart from all the others you’ve talked with. In short, what makes this potential partner unique, noteworthy, or distinctive? As you learn what makes a supplier exceptional, you’ll also need to understand how that competitive edge […]