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Three ways supplier collaboration creates real value for manufacturers

ivalua

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.

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Collaboration will drive future sourcing and supplier management success

ivalua

Historically, if you asked sourcing leaders to name the one competency they felt they needed their procurement and sourcing teams to master in order to achieve ongoing sourcing and supplier management success, most would likely have said negotiation skills. In many cases, collaboration is simply an advanced state of negotiation.

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Friends not Foes, Supplier Relationships Made to Last

ivalua

A company’s supply chain is a key source of competitive advantage and Supply Chain Management (SCM) is designed to allow a company to monitor its suppliers and utilize the available resources to improve performance. Let’s address why having the right supplier information and supplier relationships is a must. .

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How Procurement can help to drive Supplier-led innovation

ivalua

In today’s competitive business landscape, consumers demand a continuous cycle of new products and services, and the gap between each launch is shrinking. As a result, the role of the supplier has grown in importance – for example, much of the innovation in the aerospace market comes from suppliers rather than traditional aerospace firms.

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Will 2021 be about Cost Reduction or Strategic Supplier Relationships?

ivalua

PWC has been publishing the annual procurement survey since 2015, capturing many of the trends in procurement that we now see in organisations, such as the focus on supplier risk management. There seems to be a drive within procurement teams to understand their suppliers and the network of suppliers under their tier one suppliers.

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Three Ways Supplier Collaboration Creates Real Value for Manufacturers

ivalua

The term “supplier collaboration” can mean many things to many people depending on your functional perspective. Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. Innovating.

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New Ivalua research finds a lack of digitisation and focus on costs is hindering supplier collaboration

ivalua

Significant opportunities to improve CSR performance, increase profitability and accelerate innovation linked to improving supplier collaboration. The research, conducted by Forrester Consulting and commissioned by Ivalua, found improving collaboration was a priority for 77% of respondents.