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Optimizing Supplier Relationships and Supply Chain Costs
This chapter explores the significance of establishing face-to-face relationships with suppliers, particularly in international contexts, and how direct interactions can uncover hidden efficiencies. It discusses various financing options for exporters and the strategic transition from in-house operations to third-party logistics (3PL) providers, highlighting potential savings. Through anecdotes and examples, the chapter emphasizes the need for thorough understanding and engagement with suppliers to streamline practices and enhance overall profitability.