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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.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. If you work in product design or engineering, supplier collaboration is focused on integrating strategicsuppliers into your product innovation efforts. Innovating.
The term “supplier collaboration” can mean many things to many people depending on your functional perspective. If you work in product design or engineering, supplier collaboration is focused on integrating strategicsuppliers into your product innovation efforts. Innovating.
As teams worked with suppliers through creative solutions, it became obvious that transparency and supplier risk management are essential components to maintain stability during crises like these. Procurement technology can also help businesses improve supplier relationships and enhance communication between buyers and suppliers.
They may not consider potential issues of integrations, supplier onboarding, supply chain data management, change management and system optimization, all of which add to complexity and costs. ERPs tend to be built for the back office, so they lack the consumer-like user experience that leads to high user adoption among suppliers.
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.
Procurement teams had to work closely with suppliers to find creative ways to solve problems, and they instantly realized the benefits of transparency in their supply chains and supplier risk management for business continuity in times of crisis. Navistar had a jump start on putting robust systems in place, but their suppliers didn’t.
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