The Andrew Faris Podcast

Let's Fix Your Supply Chain And Save You A Ton Of Money (With Lara Guevara)

Jan 11, 2024

57:02

One of the most common pieces of advice I give ecommerce operators is to hunt for savings in their supply chain so that their unit economics can better. Supply chain savings go straight to the bottom line (or open up more room for you to spend on customer acquisition).

It's good advice, but it often isn't actionable, because there is an obvious follow-up question:

How?

Lara Guevara knows the answer, and on this episode of the show, she tells you. We talked about knowing your suppliers' suppliers, negotiating freight forwarding, and thinking intelligently about exchange rates.

It's all doable, and if you don't know where to start, Lara is ready to help.

EPISODE HIGHLIGHTS

[00:03:11] Efficiency in e-commerce supply chain.
[00:07:05] Savings in ocean freight.
[00:13:16] Negotiating with local currency.
[00:18:13] BlanketPO for cost savings.
[00:21:28] Potential savings for brands.
[00:25:45] Understanding tier one to tier three.
[00:29:33] Negotiating payment terms for products
[00:38:18] Slow-moving product report and marketing.
[00:42:50] Balancing overstock and understock.
[00:45:49] Out of stock and forecasting.
[00:47:32] Fractional Supply Chain Services.

EPISODE SPONSOR

Add supply chain experts to your team at a drastically lower cost than you're expecting by hiring More Fractional Supply Chain, a service of my friends at More Staffing. Visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://morenow.co⁠⁠ and use the code AJF20 to get 20% off your first 3 months.

REFERENCED IN THIS EPISODE

To get a Cohort Forecast Template, sign up for my email list at https://ajfgrowth.com.
Lara's incredible supply chain savings thread.
3rd Party Auditor recommendation: V-Trust.

FOLLOW UP WITH LARA