Remove Product development Remove Risk Remove Supply Chain Efficiency
article thumbnail

Strategic Sourcing + Smart Solutions: The Unbeatable Duo for Procurement Success

SCMDOJO

It involves a methodical approach aimed at developing long-term supplier relationships, mitigating risks, and improving overall cost efficiency. By fostering these relationships, businesses can ensure stable supply chains, consistent quality, and even access to supplier innovations. Click here!

article thumbnail

Mattel leverages diversified supply chain amid new China tariffs

Let's Talk Supply Chain

As the specter of new tariffs on Chinese imports loom large, the toy giant’s strategic use of a diversified supply chain comes to the forefront, showcasing resilience and adaptability in the face of uncertainty.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Essential Guide to Supplier Collaboration

Jaggaer

It’s no longer just about maintaining good relationships; it’s about turning those connections into engines of innovation, efficiency, and sustainability. Strong supplier partnerships drive new product development, unlock cost efficiencies, and ensure supply chains are adaptable to changing market conditions.

article thumbnail

Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

Without digitization, many manufacturing organizations see one or more of these areas suffer due to a reliance on manual processes, a lack of collaboration with suppliers, and little to no visibility of risk during the product development process. Digitization Benefit #1: Inter-Enterprise Collaboration .

article thumbnail

Enhancing Manufacturing Value Through Procurement

Jaggaer

An advanced source-to-pay platform is crucial for unleashing procurement’s potential and optimizing supply chain performance. The greatest value-add often comes from integrating trusted suppliers into the New Product Development (NPD) process.

article thumbnail

Supplier Collaboration: Fundamental to Elevating Manufacturing Performance

Jaggaer

By selecting and developing the right suppliers and establishing streamlined, transparent communication with them, manufacturers gain the agility and resilience to respond to customer demands, rise to the top, and navigate disruptions more easily. In the case of conflicts with suppliers, SRM can recommend corrective actions.

article thumbnail

How to build a successful product development strategy

IBM Supply Chain Blog

To remain competitive in today’s relentlessly paced and ever-expanding marketplace, companies must think carefully about what products they’re developing and how they’re developing them, continuously iterating their processes to maintain a competitive edge. These seven stages of product development are: 1.