So, what is the best way to be the most competitive in the market? Should you shop your vendors and make them compete to get the last penny out of your cost? Or, should you stay loyal to your vendors to the end?
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One of the most critical factors in Operations Success is the ability to be fast. Throughout history, the ability to be faster than the competition has been a huge advantage. Today is no different; speeding up the time to get your product can be the difference between surviving or thriving in the market.
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So, you are bringing in your product direct from China. You went online and found a good product to sell and the price is good, at least half of what you could buy it for in the US. Factory direct is the way to go, or is it?
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