Nov
7
Continuation of Supplier Development
November 7, 2011 | Leave a Comment
In order to gain cooperation with the supplier, the key point is to look at your improvement objective in the eyes of the supplier – “Why should I do this”? “What’s in it for me”? The intent is to bring value to the supplier as well as the customer – both to win/gain!
GAIN WHAT – reduction in cost!
How do we do this? There are tools/methods such as:
- SMED – Single Minute Exchange of Die – How does help?
- VMI – Vendor Managed Inventory
Who is using such inconcert with your suppliers? We will explore each on future blogs – please provide your comments both supportive or otherwise!
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