QIC Guru

As the speed and complexity of supply chain activities continue to escalate, the ability of organizations to meet customer demand becomes more and more challenging. Organizations must create corporate strategic goals to minimize inventory investment and lower transaction costs while still increasing differential/competitive advantage and expanding globally. In almost every industry, supplier relationships can either make or break an organization’s ability to service customers responsively and reliably while maintaining cost effectiveness and managing assets effectively.

Many organizations are realizing that effective communications and integrated processes, driven by collaboration with suppliers, will drive supply chain effectiveness and competitive advantage. Improving the supply base to include the strongest, best performing, and most collaborative upstream partners and then building integrated teams to design and implement programs that enable visibility throughout the supply chain are usually the core to this strategy. Supplier relationship management (SRM) programs that drive effective collaboration and supply chain synchronization with suppliers are critical success factors in serving customers and meeting strategic goals.