The shift from vertical to virtual integration dramatically increased the manufacturing industry’s dependence on suppliers. Today’s market dynamics have further elevated many of your suppliers to strategic contributors of customer value and profitable growth.
In this era of disruptive innovation, shorter product lifecycles, shifting global cost structures, and emerging market opportunities, your supply decisions directly impact your ability to achieve your company’s growth and profitability objectives.
By making better supply decisions and changing the way you work with suppliers, you can turn your direct materials supply chain into a competitive advantage that enables you to achieve product cost targets, launch new products faster, and deliver greater value to your customers.
To accomplish these objectives, you must have a supplier engagement approach that supports your efforts to drive product innovation, improve costs, and create profitable growth.
The increasing amount of supplier-related activity is overwhelming many manufacturers. There’s just too much to do and not enough people to do it. Traditional approaches and enabling technologies are not designed for today’s more collaborative business environment and manufacturers are searching for a better way to select supply partners and capture greater value from their supplier relationships.