Supplier Consolidation

I want you to remember reading this article created by Ravi Nishant. If you are serious about supplier management then you need to start somewhere.

My recommendation is to assess how many suppliers you have and then determine where you should spend your time. Eliminate the poor performers and reward those who continue to add value. Jack Welch‘s method was to cut 10% of all the poor performers that were associated with his company. This was true for both his suppliers and his employees.

Once this review and consolidation exercise has been done then you will have a lot more time to look and think of other ways to improve your operational efficiencies.

Of course, once again QCsolver Inc. will be there for your journey.