Supplier Partnership in Product Development: How to Co-Develop a Key Product Feature
Learn how procurement can build a supplier partnership to co-develop a key product feature, manage IP and risk, and move successfully from concept to launch.
Knowledge Base
Tag: supplier development
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Supplier Partnership in Procurement: How to Build Relationships That Create Mutual Value
Learn what supplier partnership means in procurement, when to use it, and how to build strategic supplier relationships through SRM, trust, competence, joint business planning, and supplier development.
Social Sustainability in Procurement: How Buyers Can Move Beyond Audits and Create Real Change
Learn how procurement can support social sustainability by moving beyond audits, managing supplier risks, creating manoeuvring space, and embedding social criteria into the procurement process.
Innovation in Procurement: How Leaders Turn Supplier Ideas into Business Value
Innovation in Procurement: As a senior procurement director, I have seen firsthand the role that innovation can play in driving success in the organization.
How should a buyer collaborate with suppliers to create value — and how should that value be shared fairly?
Supplier collaboration sounds simple in theory. Most buyers agree that better cooperation with suppliers can reduce cost, improve quality, increase innovation, and make the supply chain more resilient. The real problem appears when collaboration starts to create value. Who should receive the benefit?Should the buyer take the full cost reduction?Should the supplier keep part of…
Supplier Corrective Action Report in Procurement: How Buyers Stop Supplier Problems from Repeating
When a supplier delivers defective goods, missing documentation, wrong parts, or services that do not meet requirements, the first priority is often to solve the immediate problem. The buyer may need replacement goods. The warehouse may need return instructions. Quality may issue a Non-Conformity Report. The supplier may issue an RMA number so the material…
Short Lead-Times in Procurement: How Buyers Reduce Waiting Time Without Increasing Supply Risk
hort lead-times in procurement can create major advantages. They can reduce inventory, improve cash flow, increase responsiveness, and help the organization react faster to customer demand. But short lead-times can also become dangerous if they are forced onto suppliers without understanding capacity, planning, logistics, quality requirements, or risk. The real procurement problem is not only…