Suppliers, with their broad knowledge of and experience in different markets, arguably can see opportunities that those within an organization may miss, and CPOs should be encouraging them to at least report those opportunities.
Lost in all the hubbub last week about Apple’s decision to bring some manufacturing jobs back to the US, was a much smaller and more local supply chain story, one involving the local restaurant industry in Boston. The stories are vastly different in content, scope, impact, and importance. But taken together, they illustrate an important lesson: regardless of company size, the way procurement manages total-cost-of ownership (TCO) evaluation and buyer-supplier communication can determine whether supply chains are a competitive advantage or disadvantage.
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