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In last week’s blog , I began discussing telltale signs that you have entered the new age of strategicsourcing. Leading manufacturers have proven that best-in-class strategicsourcing can create measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.
However, few manufacturers ever sit back and ask, “How can our procurement or strategicsourcing initiatives contribute to the overall customer experience?” I would argue that, if you’re in manufacturing, strategicsourcing is the first place to start shaping the customer journey.
At the introduction stage, it is imperative that your suppliers have the capability and capacity to meet demand at launch and the subsequent ramp to volume…and profitability.
In his current capacity, he serves as a trusted advisor to a multitude of clients in throughout the world. It provides a lot more capacity to the rural conductivity,” Camerlin said. His specialty is in helping organizations utilize and implement modular-based open system solutions to drive tangible business and mission outcomes.
Recently I attended a conference for StrategicSourcing in the medical device manufacturing sector. getting involved early on in the New Product Introduction ( NPI) cycle to ensure suppliers risk is being properly evaluated in production capacity and quality.
I see the same from some suppliers – for example those price gouging on ICU ventilators given the spike in demand. That is how Procurement establishes a company as customer of choice, which will minimize your risk of supply disruption the next time demand outstrips supply, as is a common scenario for many items today.
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