Managing strategic suppliers effectively is essential to drive competitive advantage for modern global organizations. The key lies in the ability to extract the best from key partners. The presence of strategic vendors and suppliers is critical to provide products or services that meet your company’s major demand requirements and plays a vital role in your…
Supplier relationship management has undergone a major transition in the last few years. Large corporations have understood that supplier management is the key factor for an effective procurement organization that is properly optimized and accountable. It is no longer about minimizing the cost of separate transactions but about maximizing the value of supplier engagement. Leading…