Operations Payoff

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The Advantages of Partnerships

Supplier partnerships are much more than just working closely with suppliers. They’re built on a foundation of trust and communication that enables both parties to get better results than they would have in a typical supplier relationship.

True partnerships offer several advantages, all at the same time:

  • World class pricing and competitiveness
  • Greater profitability for both parties
  • Shorter lead times with more flexibility and agility
  • Enhanced quality
  • Increased inventory turns

If you want to reach a world-class level of performance, examine your relationships with your key suppliers to make sure they are partnerships that yield win/win results.

© 2014 – Rick Pay – All Rights Reserved

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