If we focus on ‘cheapest’ sometimes there are unintended negative side effects. Buying from us can get harder (if we install cheap software), suppliers ‘cheaper’ product can end up costing us more in inspections, disposing of off-spec product or services that have to be repeated. The right quality at the right price can benefit both parties.
Suppliers can be a great source of information if we develop a collaborative relationship. They are the experts in their fields and can keep us abreast of industry trends that we might not learn about from the ‘cheapest’ supplier. They are usually in a race to the bottom and have lost sight of their environment.
Stay aware of your ‘total overall cost’ when you’re managing your supply chain – you’ll be on the road to success!
If you’d like to see if our platform could help you manage your supply chain in your organization, schedule a demo and we’ll see if it’s a good fit for you: