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Episode 008: Foundational conversations every company should have with a new manufacturer or customer before talking price or terms

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Manage episode 503002382 series 3682144
Content provided by DSP Enterprises. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by DSP Enterprises or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Episode 008 of Find Your Source dives into the critical early discussions that build strong manufacturer–customer partnerships. Stephen stresses that long-term success doesn’t start with price haggling—it begins with clear expectations and mutual respect.

Key takeaways include:

  • Define responsibilities upfront: Don’t leave gray areas about packaging, labeling, kitting, or storage. Spell out what’s included in a “landed cost” and who handles freight, consumables, and labor.

  • Focus on fairness and mutual wins: A deal that leaves one side squeezed is not sustainable. Manufacturers need margins, customers need reliability, and both should profit.

  • Plan for scale and flexibility: Discuss how costs change with volume, and have backup production options (“Plan B”) to avoid disruptions.

  • Get everything in writing: Use contracts, terms, and even memorandums of understanding to prevent surprises and protect both sides.

  • Quality and consistency are non-negotiable: Establish standards, inspection processes, and tolerances that everyone can agree to.

Stephen’s message is simple but powerful: success comes when both sides win. By putting everything in writing and anticipating challenges before they arise, companies can build relationships that last, rather than one-time transactions that collapse under pressure.

📬 Need help applying these ideas? Visit the “Work With Me” tab at findyoursource.pro to connect with Stephen for consulting, process audits, and tailored growth strategies.

  continue reading

9 episodes

Artwork
iconShare
 
Manage episode 503002382 series 3682144
Content provided by DSP Enterprises. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by DSP Enterprises or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Episode 008 of Find Your Source dives into the critical early discussions that build strong manufacturer–customer partnerships. Stephen stresses that long-term success doesn’t start with price haggling—it begins with clear expectations and mutual respect.

Key takeaways include:

  • Define responsibilities upfront: Don’t leave gray areas about packaging, labeling, kitting, or storage. Spell out what’s included in a “landed cost” and who handles freight, consumables, and labor.

  • Focus on fairness and mutual wins: A deal that leaves one side squeezed is not sustainable. Manufacturers need margins, customers need reliability, and both should profit.

  • Plan for scale and flexibility: Discuss how costs change with volume, and have backup production options (“Plan B”) to avoid disruptions.

  • Get everything in writing: Use contracts, terms, and even memorandums of understanding to prevent surprises and protect both sides.

  • Quality and consistency are non-negotiable: Establish standards, inspection processes, and tolerances that everyone can agree to.

Stephen’s message is simple but powerful: success comes when both sides win. By putting everything in writing and anticipating challenges before they arise, companies can build relationships that last, rather than one-time transactions that collapse under pressure.

📬 Need help applying these ideas? Visit the “Work With Me” tab at findyoursource.pro to connect with Stephen for consulting, process audits, and tailored growth strategies.

  continue reading

9 episodes

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