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S5 E1: Lessons in Logistics: Mastering Inventory Management and 3PL Relationships

Limited Supply

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How to Negotiate Payment Terms

A lot of people will say, oh, I'm ready to switch suppliers because somebody else is giving me better payment terms. That's almost a price I've never will have. The one thing that's changed between my day and today is like his day in 2015, a lot of businesses were launching with stock components. Now it feels like very few people launch without custom components. And if you find someone who's reliable and like, has high quality standards, you don't want to give that up for better payment.

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