The competitiveness of a manufacturer is greatly impacted by its supply base and the strategy behind working with them. Manufacturers looking only at supplier capability, price, and service are missing an opportunity for competitive advantage through collaboration, integrated information systems, and risk management. Organizations who are developing suppliers or seeking to become an effective vendor to their customers can leverage SCMEP’s network for Supplier Development solutions. Below are just a few.
Risk management helps to identify the triggers of risk events, the importance of developing a plan to mitigate them when they do occur, and how to establish monitoring metrics and activities so you may be prepared for the inevitable. It also discusses how the financial impact of risk is determined and why a Risk Management Plan is an essential element to operational efficiency.
Executive Supply Chain Strategy
Executive supply chain strategy is designed for leaders that are responsible for charting the course of an organization. It provides Executives with a mechanism to better understand the cause and effect decisions within the supply chain. It also provides a method to understand the critical areas controlling the performance of supply chain, and foster collaboration among Supply Chain Alliance members. This series focuses on the critical components required to create and implement a supply chain plan that delivers higher value, including profitability and satisfaction, within the overall system.
Total Cost of Ownership
The TCO method is a set of related concepts that allow for the quantification of costs for all activities along the supply stream. It takes into consideration all costs related to the acquisition, transportation, storage, and selling of purchased goods or services. Strategic sourcing decisions can then be determined.
Supplier strategy helps gain a better understanding of roles in the supply chain and how they contribute to reaching goals of the top tier, thereby increasing value to the customer. Partner engagement improves supply chain results and performance by developing and synchronizing a plan which aims to reach tier 1 manufacturers’ overall goals. It is intended for all members of the chain based on a holistic view of the entire supply chain.