An efficient and effective supply chain can become a powerful competitive advantage in a marketplace saturated with demanding customers and innovative competitors. Many companies struggle with the daunting task of reducing freight costs every year, when their vendors are already struggling to provide the service at such low costs. An alternative to beating down your vendors on price to reduce supply chain spend, is to focus on compliance. Holding your vendors accountable for falling short on service levels and billing expectations can save your company time and money, as well as improve relationships with your customers. Vendor’s should be compliant in two distinct areas; billing and performance. Continue reading
In order to thrive in the competitive electronics industry, you have to be constantly looking for ways to stand head and shoulders above your competition. This can sometimes feel like an indomitable task, but there are several tactics you can use to enhance your ability to succeed. One of the most important steps that you can take is to enhance your supply chain efficiency.