Supplier management as an intelligence operation for risk minimization: Supplier management is like an intelligence operation that aims to build a resilient network to provide headquarters with information from different regions while minimizing risks in the supply chain. 🌍🔍

Building such a network is a constant challenge in the supply chain and not a “mission impossible”. However, the selection process, onboarding, and supplier maintenance are often neglected or too strongly focused on short-term savings in day-to-day business. Especially when a medium and long-term material group strategy is lacking, it can quickly become a suicide mission. 💼📉

We would like to encourage you to address the issue of holistic supplier management and optimize your supplier relationships. A solid supplier base is the key to a successful business. 🔑💰

Here are three questions to get you thinking:

1. How can you ensure that your supplier base is resilient and strong?
2. How can you optimize the selection process, onboarding, and supplier maintenance to achieve long-term success?
3. How can you ensure that your supplier strategy is aligned with the needs of your company?

🤔📈 Are you ready to optimize your supplier relationships and take your business to the next level?