Startup Supply Chain Fundamentals: Sourcing and Negotiation

Are high supplier costs and inefficient sourcing eating into your business's profitability? For many entrepreneurs, managing the supply chain is a major challenge that directly impacts their bottom line. This course provides the foundational knowledge you need to take control. You will learn how to strategically find and evaluate suppliers, manage inventory effectively, and negotiate prices with confidence. By the end, you'll have a clear framework for building a resilient and cost-effective supply chain that directly boosts your profits. What you'll learn: * Understand core supply chain concepts and their impact on profitability. * Learn effective strategies for researching, vetting, and selecting reliable suppliers. * Practice key negotiation techniques to secure better pricing and favorable terms with vendors. * Apply fundamental principles of inventory management to reduce waste and holding costs. * Master the calculation of landing costs to understand your true product expenses. * Develop a framework for building strong, long-term relationships with your suppliers. We begin with essential terminology and principles before moving into practical, step-by-step guidance on sourcing, negotiation, and inventory control. This course is designed for aspiring and current small business owners and entrepreneurs, with no prior experience in supply chain management required. Start building a more profitable and sustainable business today.