Innovative Supplier Management: Value Creation in Global Supply Chains

Globalization, digitization, global supply chains and the Corona pandemic have led companies to take a closer look at value chains.

Format: Paperback / softback
Length: 236 pages
Publication date: 10 January 2023
Publisher: Springer

The impact of globalization, digitization, global supply chains, and the COVID-19 pandemic has prompted companies to reevaluate their value chains. As a result, there has been a shift towards outsourcing services to partially competing supplier networks, leading to the emergence of new guiding principles, strategies, and processes. The focus has shifted from solely leveraging internal cost advantages to prioritizing information exchange, stable supply chains, and the exploration of global cross-company potential.

To demonstrate the effectiveness of supplier management, this book employs innovative, digital, and strategic examples. It showcases how successful supplier management can be achieved by fostering collaboration, enhancing communication, and implementing efficient processes. By leveraging the expertise and capabilities of suppliers, companies can achieve competitive advantages, improve customer satisfaction, and drive sustainable growth.

The book also emphasizes the importance of risk management in supplier relationships. It discusses strategies for identifying and mitigating potential risks, such as supply chain disruptions, quality issues, and financial instability. By proactively managing supplier risks, companies can ensure the stability and reliability of their supply chains, minimize the impact of disruptions, and protect their business interests.

Furthermore, the book explores the role of technology in supplier management. It discusses the use of digital tools and platforms to streamline communication, collaboration, and monitoring of supplier performance. By leveraging technology, companies can gain real-time insights into supplier operations, identify areas for improvement, and optimize their supply chain processes.

In conclusion, this book provides valuable insights into the world of supplier management. It offers practical strategies and examples for improving supplier relationships, optimizing supply chain processes, and achieving sustainable growth. By embracing the principles and practices outlined in this book, companies can position themselves as leaders in their industry and achieve long-term success.

Weight: 446g
Dimension: 240 x 168 (mm)
ISBN-13: 9783658392444
Edition number: 1st ed. 2023