EVALUATE HOW YOUR VENDOR IS CONTRIBUTING TO YOUR SUPPLY CHAIN MANAGEMENT INITIATIVES

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In today’s fast moving marketplace, the importance of Supply Chain Management (SCM) is growing exponentially.  SCM is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, according to Robert Hanfield, Ph.D.

The main difference between SCM of yesterday and today, however, is that it is not enough that you practice SCM in your organization.  In order to compete in today’s economy, it is important to strategically align yourself with vendors that support your SCM initiatives and doesn’t try to transfer their supply chain costs onto you.  So, what do you need to look for in a strategic SCM partnership? 

Let this checklist guide you as you evaluate vendors to support your SCM initiatives.

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