Best Practices to Improve Supplier Management and Strengthen Strategic Relationships
Effective supplier management is essential for ensuring operational continuity, reducing costs, and strengthening the supply chain. However, many companies still face communication challenges, compliance issues, and a lack of visibility in their supplier network.
📊 Key Insight: A Deloitte study found that companies with a structured supplier management strategy reduce non-compliance risks by 25% and increase efficiency by 30%.
This article explores best practices for optimizing supplier management, ensuring stronger and more efficient strategic relationships.
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