When dealing with suppliers, not all of them should be treated equally. As you’ll learn in this week’s lead story, supplier segmentation is important. As the article states, “some suppliers provide products and services that are critical to the business, while others provide more transactional commodities.” Learn why transparency and shared metrics, established early, can help align expectations and foster trust.
Is your company looking to cut supply chain costs, and coming to you for ways to make that happen? Consider AI. According to a recent Gartner study, AI can help reduce operational expenditures up to 24%, while lowering overall supply chain costs by up to 20%. No guarantees, of course, but worth your while to at least check out the study’s recommendations.
Also this week, check out the five steps you can take to gain a more resilient supply chain.
All this and more in this week’s Supply Chain Insights.
—Dave Blanchard
