Why Collaborate with Suppliers?
Supply Chains are an integral part of any business and as a result extending the visibility up, down or both ways along the supply chain will ensure that the supplier community of the business is collaborating with you and working with you. The discipline of using the lever of price negotiation has moved away and progressive businesses are exploring ways to improve their relationship with their suppliers and recognise that, as with any business, if value is added then a margin should be realised.
Analysing the supplier community will demonstrate areas of focus and allow you to benchmark their performance against the value to the business.