SUPPLIER COLLABORATION GIVES FIRMS A COMPETITIVE EDGE

AS AUTOMATION LIBERATES PEOPLE FROM TRANSACTIONAL SUPPLY CHAIN ROLES, FIRMS ARE NOW TARGETING STRATEGIC SUPPLIER COLLABORATION

McKinsey research shows that organisations that regularly innovate in partnership with suppliers are more likely to see the biggest earnings growthsometimes up to 10% more.

In this issue, we explore how organisations are seeking to make procurement and supply chain more strategic in nature as they seek competitive advantage in a tough market. Tapping into supplier innovation is pivotal to this.

We learn how digitalisation is changing the profile of procurement teams, for example. In the past transactional areas procurement – such as contracts – were people-heavy, but automation is freeing-up people’s time in these areas, giving scope for people to be strategic, and collaborative.

“The point of supplier programmes is collaboration,” CPO consultant and coach Elvire Regnier Lussier tells us. “You need strategic buyers and an entrepreneur mindset.”

Read on, for these and many other insights across logistics and procurement, as well as supply chain sustainability and tech. SEAN