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how have leading companies changed the way they view supply chains in terms of how they...

how have leading companies changed the way they view supply chains in terms of how they view costs with suppliers, customers, and risks associated with supply chain design?

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How have leading companies changed the way they view supply chains in terms of how they view costs with suppliers, customers, and risks associated with supply chain design?

  • Leading companies maintain a productive and efficient relationship with suppliers to benefit the most out of them
  • They don't fight for the lowest cost but go for the right price of the raw material
  • Right price depends on right quality, right quantity and right amount of delivery
  • Leading companies do not care for the price involved in the process of customer satisfaction
  • customer satisfaction is of utmost importance
  • risks associated with supply chain design can prove costly for a company
  • These risks can be poor flow of material and information in the system
  • They can disintegration of data
  • hence risks can cost a company fortune to get resolved
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