Driving Value Through Strategic Supplier Relationship Management
The nature of supplier relationships is evolving. What were once merely transactional relationships now must be strategic, mutually beneficial partnerships. Strategic supplier relationship management can pave the way for those win-win partnerships, driving growth and sustainable competitive advantage.
Fatima Dennis, Director of SRM at SDI, shares her insights on the subject, highlighting the benefits and best practices for strategic SRM and the role that technology plays in the process. Read how these collaborations can spur innovation, enhance competitive advantage, optimize cost efficiencies, and bolster risk management.
Mitigating Supply Chain Risk with Safety Stock
In the face of unpredictable medical, geopolitical, and economic events, safety stock has emerged as a lifeline for businesses striving to maintain smooth operations. Having an adequate amount of safety stock will be a necessary component of your MRO supply chain management plan. Adopt these best practices to manage safety inventory and minimize the risk of stock obsolescence in the midst of unexpected disruptions to supply chain operations.
Tech Meets Talent: Reshaping Procurement with Tail Spend Management
Tail spend has often been overlooked and deemed too complex to manage. However, in today's rapidly evolving digital landscape, optimizing every aspect of procurement is crucial to drive efficiency and unlock strategic value. It is time to enter the new era of tail spend management. SDI has collaborated with Fairmarkit to bring you Fairmarkit Managed, which pairs the best in tech and talent to reshape the procurement process. Learn more about this exciting new service and start your procurement transformation.
SDI In Action
Maximizing Maintenance, Repair, and Operations (MRO) Procurement: GPOs vs. Purchasing Cooperatives
Group purchasing organizations and purchasing cooperatives both serve as critical procurement solutions. Though each strategy has distinct benefits for plant maintenance and facilities management, they still have to be weighed against their cons to identify the most beneficial solution. For certain markets, cooperatives such as SDI’s Supply Chain Coop can provide niched solutions that are not easily replicated with GPOs. Explore the pros and cons of GPOs and purchasing cooperatives to optimize your sourcing strategy.
SDI in Person
Come join SDI at some of the exciting industry events we will soon be attending. With so many interesting events, forums, conferences and tradeshows, you are sure to find one that interests you and your business. Hope to see you there!
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