Exploring The 5 Pillars Of A Successful Supplier Management Model
- 1. Delivering an enticing value proposition: Answering why would a supplier want to partner with your company
- 2. Developing relationships: Increasing supplier focus on your business and agreeing to make investments on value propositions
- 3. Driving competitiveness: What suppliers can do to increase your product/service competitiveness in price, value or brand
- 4. Delivering performance: Delivering on promises on time, quality and cost
- 5. Ensuring accountability: Improving supplier understanding and accountability of potential negative impacts on business due to lack of performance
- Case study: What are the precautions, activities and deliverables that need to be in place before a merger or acquisition to allow the model above to be implemented in its full potential to maximize results?