The costs of ensuring on-time delivery for industrial manufacturing have skyrocketed. So, how can you minimize supply chain costs while fulfilling customer expectations? The answer: Strengthen your win-win supply chain relationships!
A healthy win-win supplier-company relationship will
As an industrial manufacturer, you know the cost risks of delivery mismatches.
You—and your suppliers—want to develop inventory strategies that optimize the combined costs.
An optimized supply chain means collaborating on cost, yield, quality, cycle time, throughput, and delivery.
Start by setting mutually agreeable goals.
While you’re setting goals, make some around ways to improve communication.
Be willing to make other changes that will improve communication.
Any superfluous steps in the processes need to be removed. Consider testing and inspection, for example.
Finally, make a commitment to the supplier relationship. Ensure all company leaders believe in the benefits of win-win supply chain relationships. Have some thoughts about this post? Let’s talk.
Photo by Mitchell Luo on Unsplash