Introduction
For many businesses, more than 50% of their workforce is employed by their suppliers. It is their suppliers who make and provide the crucial products and services upon which their own business depends. So, it makes sense to consider how they can best manage those suppliers as part of their 'extended enterprise'.
Greater connection and collaboration with your extended enterprise can bring multiple benefits. Among them better access to specialised products or market knowledge; process efficiency improvements; a rise in innovation; reduced risk; improved quality control; boosted surety of supply; and additional flexibility.
How well do you think you currently run your extended enterprise of suppliers? How much and how effectively do you engage and collaborate with them? What value do you each derive from the relationship, and do you have the right people in place to do so? Finally, what governance do you employ or technology do you use to support the successful running of your supplier management?
This year we have chosen "The Extended Enterprise" as the key topic for the annual supplier management research, now in its 15th year. The insights from this research will help inform what needs to be done to achieve 'customer of choice' status. It allows you to benchmark your approach to supplier management to your industry leaders and peer organisations.
We recommend you get a group of crucial individuals in your organisation involved in supplier management to each complete the survey. It will take about 20 minutes, and we will give you a free benchmark of your organisation's supplier management activities. We will also provide you access to one of our consultants to discuss what you need to do to close any gaps.
To get more information about the process for benchmarking your supplier management and our research findings over the past few years, click here to go to our landing page.
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