Episode 044 - Michael Vickar - "Procuremint", and the in's and out's of Procurement Services

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In this episode, we talk about procurement and the services they offer, with Procuremint’s own, Michael Vickar. Michael is the CFA and CAIA of Procuremint (spelled mint. m. i. n. t  versus m.e n t
Procuremint works with close to 100 subscription boxes from start up to some of the largest in the world.  Procuremint was founded by subscription box entrepreneurs so they know a thing or two when it comes to subscription boxes!
Procurement has an internal manufacturing team that vets out factories from a price, quality, social + ethical factor, and more. 

They are able to save their clients both in cost and time when it comes to sourcing both third-party products (through their licensed brands), as well as white labelled products. From drones and action cameras, to socks and beanies, they have experience in everything and everything outside of food & beverage. Procurement works with subscription boxes in the pets space, mens accessories, lifestyle, beauty, fitness, and more. 

Procuremint's motto is 'partners, not suppliers'. As a result, Procuremint provides strong credit terms to help your business grow. They also have an internal graphic design team that can be leveraged for no additional cost at any time. 

Lastly, a member of their team, Michael has completed the CFA and CAIA designations. Procuremint leverages this knowledge in finance and currency markets to hedge currency risk on a discretionary basis. This helps to better keep price stability for cost of goods. And we definitely talk about this on this episode.

Michael and I break down exactly what it is Procuremint… and how exactly can Procurement services serve us entrepreneurs in the subscription box industry.

The Subscription Box Show shareable Trailer
https://www.thesubscriptionboxshow.com/podcast-1/blog-post-title-one-a3ypr

Guest Links:
Website: https://yourprocuremint.com
Email: [email protected]

Most frequently asked questions Michael get: How long will this product take to arrive?
Michael's choice if he's going to hire a mentor/coach: Warren Buffett
The most influential people that Michael knows in the subscription box industry: John Haji, Paul Chambers and Christopher George
Michael's favorite social media platform: TikTok

The Subscription Box Show shareable Trailer
https://www.thesubscriptionboxshow.com/podcast-1/blog-post-title-one-a3ypr

Host Links:
The Subscription Box Show Website: https://www.thesubscriptionboxshow.com
Connect with Eric Musick: https://www.thesubscriptionboxshow.com/contact2
The Subscripti

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