Should I Manage My Suppliers like I Manage My Social Network? YES!
Supplier partnership management doesn't have to be overly complicated. Let's discuss how to use common sense to segment your suppliers, and then establish strategies for how to manage them (or not!) All suppliers are not created equal, and recognizing this basic truth is half the battle.
- Effective supplier management will reduce risk and uncover opportunitites
- Just like your social network, all suppliers are NOT equal, and they should not be treated the same
- Supplier management is a "living" process, and meant to change over time
- Supplier management doesn't have to complicatied. Keep it SIMPLE
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