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Companies have the right to receive the best service and the best price from their suppliers, and the relationship between shippers and suppliers is a key component to a successful partnership. Here are five tips to build, maintain, and improve a healthy and productive relationship with your suppliers.
Perhaps it’s just a matter of semantics, hence the increasing tendency to speak of supplier relationship, rather than supplier performance management. Effective supplier performance management begins before you place your first order with a new supplier. Suppliermanagement is all about relationships.
Before you ditch your suppliers, ensure you're stocked with enough inventory to get through the changeover period. When switching suppliers, use a sourcing solution so that you avoid inventory deficits and get back up and running with the new supplier quickly. Consolidate Suppliers. Increase customer satisfaction.
Watch Video Tips. Supply Chain KPI Tips. When a KPI shows that performance is consistently meeting or exceeding the required level, you can decide to raise the bar and set a higher standard to aspire to. Inventory management. Purchasing and suppliermanagement. Remember what the K stands for! First Name *.
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