Teach your team to develop suppliers by analyzing the total cost of ownership, identifying and maintaining supplier performance metrics, and developing strategic partnerships through transparent communication.
When leveraged as part of a supplier development program, supply base optimization can dramatically speed up the implementation and improve the performance of lean supply chain initiatives.
Due to the immense resources required to bring complex products to market on a global scale, supply chain professionals must foster earlier and closer supply-partner relationships to stimulate the intimate collaboration needed to realize the mutual value that can be created from lean extended-enterprise concepts.
Facilities that see ISO registration as an opportunity to improve Quality Assurance (QA) and supply chain integration of quality standards will support a more effective supply chain.
By definition, a “supplier” is a party that supplies goods or services. In supply chain management, the term “supplier” is used frequently. When a buyer and/or company is looking for the supply of goods or services, one should always choose the party that offers more than just that particular good or service.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.