Collaborative Spend Optimization: Next Level of Procurement Excellence

Provided by: TCR Engineering Services
Topic: Developer
Format: PDF
Competition today is no longer between companies but one supply chain competing with another. Hence Supply Chain Excellence becomes increasingly important. Different economic agents who participate in the value creation process across the supply chain have their own objectives and this is where \"Supply Chain Management\" as a philosophy can help decision makers. Supply Chain Management takes a system dynamics approach and is based on three pillars - End Customer Focus, Integration and Win-Win Resolution. End customer focus drives the level of integration or collaboration required to function effectively and win-win resolution helps sustain the collaborative value creation process.

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