Supplier excellence plays a key role in driving cost savings and operational efficiency for companies. So how to go about?
31 December 2023
Supplier Excellence: going beyond transactional relationships
Supplier excellence plays a key role in driving cost savings and operational efficiency for companies.
This is why establishing strong relationships with high-performing suppliers leads to numerous financial benefits. By combining the needs and consumptions from different customers, GIS International leverages these relationships to create even more important benefits on multiple levels.
So why is supplier excellence so important?
Suppliers that consistently deliver quality products on time, contribute to a more seamless production process, reducing downtime and minimizing disruptions. This reliability can be translated into lower inventory carrying costs while increasing the service level.
Suppliers committed to excellence are open to partner on cost-reduction initiatives, consignment stocks, sharing efficiency gains and innovative solutions that drive down production and procurement expenses.
That’s how GIS International comes into the picture, creating solid partnerships with leading suppliers and understanding how to work together to create more substantial savings without forgoing on reliability, flexibility and quality.
This is often done in a win-win constellation by selecting the suppliers known for their quality and technology combining the needs of several plants into one approach. The fargoing collaboration with these top-tier suppliers optimizes the TCO (Total Cost of Ownership) for all involved parties.
Ultimately, supplier excellence evolves into strategic partnerships that enhance a company’s competitiveness, resilience, and bottom line.
That is the role GIS International plays, being a major enabler in sourcing and integrated supply chain it not only brings in its leverage but also its expertise, knowledge with technological solutions.
We bring excellence together on different levels to make procurement and suppliers benefit from a stronger collaboration.
Want to find out how GIS International helps in creating solid bonds with excellent suppliers with clear financial benefits for our customers?
Get in touch with us here.