Supply base management experts establish partnerships with other suppliers to manage the client organization’s supply chain activity for the new product line. They are able to assure excellent cost, quality and on-time delivery because of the close business relationships they share with their suppliers. Also, they are able to meet new procurement demands because they have access to pre-existing catalog of components that can be used to procure the required materials.
Organizations need to realize that the fastest way to improve operational efficiency and increase returns is to outsource procurement/planning activities to supply chain consulting services. Making this wise decision will definitely aid in creating the required market base for the new product line.
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These details are provided for information only. No information here is legal advice and should not be used as such.