Ep. 7 - Buying Stock
Stephen Hawes and Lucian Che Park of Opulo discuss the complexities of buying stock for hardware production, drawing on their experience scaling the Lumen P 3D printer. They cover vendor negotiation, determining optimal order quantities to balance cash flow with unit cost, and the critical role of purchase orders in defining payment terms and delivery responsibilities. The episode highlights strategies for managing supply chain risk, including dual sourcing and using planned purchase orders for long-term security.