Reducing Supply Chain Costs While Enhancing Performance

Reducing Supply Chain Costs While Enhancing Performance

The rewards for undertaking a supplier development initiative are well worth the effort. For example, some of the benefits of an effective supply chain development program include:

  • Sourcing cycle time reduced by 25-30 percent
  • Time-to-market reduced by 20 percent
  • Costs lowered by 25-50 percent
  • Improved quality, reliability, and manufacturability of products and services
  • Increased responsiveness to customer needs and market dynamics
  • Improved collaboration and knowledge sharing
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