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
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