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Emergency Sourcing: Be Careful Who You Trust

5/5/2020

The Z5 Piggy Bank once again welcomes you to the Take 5: An Inventory Series podcast.

Too many suppliers are promising too much product that's too good to be true. So we've got some steps you can take to avoid getting burned.

Our second Take 5: An Inventory Series episode deals with careful sourcing.

Because we certainly don't trust all of the suppliers coming out of nowhere claiming that they have PPE supplies available and on the cheap. 

For example: we encountered one supplier who wanted cash upfront so that they could start production, then change the price of the supplies being offered once they had the product manufactured. And we haven't been looking nearly as long or as far and wide as most hospitals, so we can only imagine some of the horror stories. 

Here's some practical advice for vetting the secondhand market suppliers you run across. 

 

 

 

The series is available via Apple Podcasts, YouTube, Spotify, and basically anywhere else you might want to stream it. 

 

For this episode, we drew on this call from a healthcare CEO to stop price gouging and stories like this one about scammers offering fake supplies to affected hospitals. 

We have more episodes coming about how some methods of emergency preparedness might actually make a hospital more vulnerable when a crisis finally hits.

So subscribe via any of the services mentioned above. (Yes, we know every podcast and YouTube series asks you to subscribe, rate, and leave a review, but they all ask because it actually does help.) 

And don't forget that we want to hear from you! 

Email info@z5inventory.com. Reach out on LinkedIn, Twitter, or Facebook. Or leave a comment below. Who knows? You just might end up being exactly the expert we need for a future episode. 

 

Topics: selling medical inventory, youtube, digital supply management, healthcare inventory, buying medical supplies, hospital supply chain, emergency preparedness, coronavirus, ppe, covid-19, podcasts, sourcing, take 5, web series

Alex Diamond

Written by Alex Diamond

Raised in the armpit of East Texas before escaping to the civilization of Austin, Alex is an author and former radio/podcast personality. If you ever run into him, ask him about the day he split his pants in front of the Lone Ranger.