Executive Briefings

Even Your 'Vendors' Might Help You Be Competitive

Considering that many times, 50 percent or more of the corporate budget is expended on suppliers, suppliers represent one of the most influential means of creating value and competitive advantage. However, because suppliers have traditionally been seen as "vendors," their potential as innovation partners has often been overlooked, and thus undervalued.
Source: Inside Supply Management, http://www.ism.ws

Considering that many times, 50 percent or more of the corporate budget is expended on suppliers, suppliers represent one of the most influential means of creating value and competitive advantage. However, because suppliers have traditionally been seen as "vendors," their potential as innovation partners has often been overlooked, and thus undervalued.
Source: Inside Supply Management, http://www.ism.ws