There is a big opportunity to utilize Supplier-nominated cost savings programs as a way to supplement all of your efforts to drive cost reductions, and improve your supplier relationship at the same time. Done right, a supplier nominated savings program can be a systematic and effective tool to tap your suppliers for their insights, creativity, and expertise in a way that benefits both parties.
Dee has written a Free Whitepaper that discusses the key best practices strategies that have been observed to be used successfully by Equipment Manufacturers in order to best creat the environment to maximize Supplier-Nominated Savings. The report also identifies the biggest mistakes that are made by companies that reduce their opportunity for Suppliers to proactively drive cost savings for their company.
If you would like a copy of this Free White Paper Report, just send an email to MyFeedback@Dee-inc.com, use “Supplier Nominated Cost Savings Report” in the subject line, and provide your contact information.