Remove Automotive Remove Buyers Remove Risk Management
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5 Steps Towards Modernizing Supplier Management

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When it comes to the nature of buyer-supplier relationships, we’re entering a brave, new world. To top it all off, extremely tight supply markets have further shifted negotiating leverage from buyers to suppliers. Effectively managing suppliers is now one of the most important factors in organizational success.

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New Goals for Procurement – Driving Revenue Growth Through Supplier Collaboration

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But the highlight was hearing from Mark Gursky, Director of the Procurement Center of Excellence at Meritor (a $4 billion global manufacturer of automotive components). First of all, to really make the most of what your suppliers can offer, you need to manage the basics of supplier management well.