Executive Briefings

Some Manufacturers Have Extended More than a Helping Hand to Keep Their Suppliers Afloat

Without a doubt, the economic downturn was difficult on everyone. Significant cutbacks in production left thousands of smaller suppliers struggling to remain in business. In the midst of this bleak scenario, some large manufacturing organizations have opted to share financial expertise, efficiency and lean manufacturing knowledge - and, in some cases, actual capital - with their smaller, highly valued suppliers to pull them from the brink.

These efforts are leading to new opportunities to maximize value while providing needed assistance to suppliers. An era of mutual benefit is now under way, especially with some of the largest manufacturers in the world.

Electronics and auto manufacturers based in Asia are currently leading the charge to develop mutual-growth business models with their struggling suppliers. In the past, risk management and brand reputation were the main drivers for manufacturers to keep a tight rein on their key suppliers. Today a shared value approach is taking hold.

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Keywords: Supplier Relationship Management, Collaboration & Integration, Technology, Business Strategy Alignment, Global Supply Chain Management, Vested Relationships, Collaborative Manufacturer-Supplier Relationships

These efforts are leading to new opportunities to maximize value while providing needed assistance to suppliers. An era of mutual benefit is now under way, especially with some of the largest manufacturers in the world.

Electronics and auto manufacturers based in Asia are currently leading the charge to develop mutual-growth business models with their struggling suppliers. In the past, risk management and brand reputation were the main drivers for manufacturers to keep a tight rein on their key suppliers. Today a shared value approach is taking hold.

Read Full Article


Keywords: Supplier Relationship Management, Collaboration & Integration, Technology, Business Strategy Alignment, Global Supply Chain Management, Vested Relationships, Collaborative Manufacturer-Supplier Relationships