Innovative Strategies for Supplier Partnerships
Many companies seek cost reduction from suppliers by simply trying to negotiate better costs, delivery, and terms. Some customers will require a 3 percent to 6 percent cost reduction every year, without having any suggestions as to how that might be accomplished. This chapter explores how to select your supplier of choice for given parts, how to reduce costs by far more than the 3 percent to 6 percent targets set by many companies, how to use innovative approaches to supply chain management that reduce costs exponentially throughout the supply chain, and how to determine when it’s wise to take your partnerships global and when to keep them at home.
In my past role as VP, Operations, of ...
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