Today’s business environment, fraught with volatility and uncertainty, confronts CPOs and sourcing and supply chain executives with unprecedented challenges and opportunities. Companies are under increasing pressure to reduce supply costs even as they need to leverage suppliers to drive innovation. Meanwhile, headlines highlight the risks to consumer safety and corporate reputation of poorly managed supply chains.
At some companies, these pressures have, unfortunately, driven a reversion to outdated and adversarial approaches to dealing with suppliers; refusals to take deliveries and honour contractual commitments, and unilateral demands for across-the-board price cuts without evaluating the impact.
For more on this topic, visit our Sourcing and Supply Management page.