Inflation creeping up, cost reduction is going to be difficult. Building more collaborative relationships with your key suppliers enables you to identify more improvement and innovation opportunities, encourage investment, and improve execution and success rates. As procurement teams have to do more with less internal resources, they must depend more on their suppliers. This panel will focus on how to extract innovation from your supply base through exclusive commercial and gain-sharing relationships, and what you can do as a customer to keep them wanting your business.
• How to develop a preferred relationship with key suppliers
• How deeply and how early in the development process can you have your suppliers involved?
• Managing supplier engagements in practice
• Offloading and automating tactical processes to suppliers
• Monitoring, measuring and managing supplier performance – what does success look like?