Are #Strategic #Partnerships Overrated in #Procurement? 🤔 Not all #suppliers are equal—so why treat them the same? In a recent discussion with my Strategy& friends Li, Harald, Manuel, and thanks to Fabian for his support, we explored a key framework: the Supplier Interaction Matrix. Instead of defaulting to partnerships, this approach tailors supplier strategies based on: ⚙️ Performance (cost, quality, sustainability) 🌟 Strategic Potential (criticality to operations) Key takeaways: ✅ Integration: Apple & TSMC—deep collaboration for leadership. ✅ Development: Automotive—preventing costly disruptions. ✅ Mitigation: Managing underperformers. The result? Supply chain optimization, R&D alignment, ESG compliance, and more—all powered by data-driven decision-making. 🌍📈 💬 What’s your take: Are strategic partnerships the future—or just one piece of the puzzle? #ProcurementExcellence #SupplierManagement #Leadership
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Rethinking the value chain end-to-end - together with strategic partners - is essential to unlock hidden value in key areas: Cost (reduction), SC resilience and ESG. Dominik Steffani Manuel Hohmann Li Zhang Harald Jordan
Are #Strategic #Partnerships Overrated in #Procurement? 🤔 Not all #suppliers are equal—so why treat them the same? In a recent discussion with my Strategy& friends Li, Harald, Manuel, and thanks to Fabian for his support, we explored a key framework: the Supplier Interaction Matrix. Instead of defaulting to partnerships, this approach tailors supplier strategies based on: ⚙️ Performance (cost, quality, sustainability) 🌟 Strategic Potential (criticality to operations) Key takeaways: ✅ Integration: Apple & TSMC—deep collaboration for leadership. ✅ Development: Automotive—preventing costly disruptions. ✅ Mitigation: Managing underperformers. The result? Supply chain optimization, R&D alignment, ESG compliance, and more—all powered by data-driven decision-making. 🌍📈 💬 What’s your take: Are strategic partnerships the future—or just one piece of the puzzle? #ProcurementExcellence #SupplierManagement #Leadership
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Elevated by the pandemic, supply chain executives have transformed into 'second CEOs,' wielding increased influence over strategic decisions and investments. Read more about the demands of the evolving role 👇 https://lnkd.in/ePbHxAW3
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The Modern Supply Chain: Flexible, Collaborative, and Resilient Supply chain professionals and business leaders realize that they need to become more flexible, collaborative, and resilient. But what does the strategy and implementation look like for digital supply chain transformation? It turns out that there is a formula for success. Dr. Maria Jesús Saénz, Director of the Digital Supply Chain Transformation Lab at the MIT Center for Transportation and Logistics, offers up a proven framework that thrives at the intersection of four key elements: strategy, technology, operations, and organizations. ##. Apple CEO: China's supply chain is most critical to firm
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In today's fast-paced business environment, supply chains are no longer just a back-office function—they belong at the top of a CEO's agenda! 🚀📈 The recent HBR article emphasizes how companies like #Apple, #Amazon, and #Tesla have transformed their supply chains into strategic assets. These industry giants have shown that an agile, resilient, and transparent supply chain can be a game-changer, driving innovation and competitive advantage. 🌐🔍 But why should CEOs prioritize supply chains? The article highlights several key reasons: 1️⃣ Risk Management: In an era of global disruptions, from pandemics to geopolitical tensions, a robust supply chain can mitigate risks and ensure business continuity. 2️⃣ Customer Satisfaction: Efficient supply chains lead to faster delivery times and better customer experiences. 3️⃣ Sustainability: Modern consumers demand eco-friendly practices. A sustainable supply chain can enhance brand reputation and meet regulatory requirements. Are you leveraging your supply chain as a strategic asset? How are you addressing the challenges of risk management, customer satisfaction, and sustainability in your supply chain operations? Share your thoughts and experiences in the comments below! 💬👇 #SupplyChain #BusinessStrategy #RiskManagement #CustomerExperience #Sustainability #Innovation #Leadership #HBR #CEOAgenda 👓 Read more: https://lnkd.in/e7QQN5JP
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Supply chain reorganizations often fail because they stick to outdated, one-size-fits-all models. Success requires a radical shift—tailoring supply chain structures to align with unique business needs and strategic goals. By prioritizing agility, collaboration, and long-term resilience, leaders can turn supply chains into true competitive assets. The future of supply chain management belongs to those who think boldly and design intentionally. 👉 https://lnkd.in/eGgrnJse #SupplyChain #Reorganization #DesignThinking
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The supply chain has emerged as a critical component of a company’s success. In this blog post, we’ll delve into the top 10 reasons why CEOs need to take the reins and lead supply chain excellence from the top down. https://zurl.co/S2Df #supplychainexcellence #supplychainoptimization #offshoresupplychain #supplychainmanagement #offshoremanufacturing #consumerelectronics
10 Reasons Why CEOs Must Lead From the Top
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Flexibility vs. Structure: The David and Goliath of Supply Chain Management In the world of supply chain, size matters – but not always in the way we think. During my decade+ career, I've witnessed firsthand the battle between the nimble 'Davids' and the structured 'Goliaths' of the business world. Small organizations often enjoy flexibility that allows for rapid adaptation to market changes. This agility can be a significant advantage, enabling these 'Davids' to sling their stones with precision and speed. They can pivot quickly, make decisions without the encumbrance of bureaucracy, and often provide a more personalized customer experience. On the flip side, large multinationals have the structure and resources to operate on a scale that small businesses can only dream of. Their 'Goliath' strength lies in established processes, economies of scale, and global reach. However, this comes with a cost: the larger the organization, the slower it can be to respond to the market's slings and arrows. Malcolm Gladwell's "David and Goliath" delves into the paradox of power, where what is traditionally seen as a strength can become a weakness. In the context of supply chain management, if large organizations fail to maintain agility, they risk being outmaneuvered by smaller, more adaptable competitors. The key takeaway? Whether you're a 'David' or a 'Goliath,' the goal is to strike the right balance between flexibility and structure. It's not about size; it's about how you use it. As we navigate the complexities of global supply chains, let's remember that agility and adaptability can turn perceived underdogs into champions. #SupplyChainManagement #Agility #DavidAndGoliath #BusinessStrategy #Leadership
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Keep both eyes on the ball they say. From my perspective, you should not be doing that in Supply Chain if you are in a leadership role. Succesful companies with Strong Supply Chains make sure that today’s problems and challenges are accounted for and addressed, but they always keep an eye on the future to prevent potential supply disruptions and also to capitalize on opportunities. You need to keep one eye on today and the other one in the future. You need to build a team with professionals that can address demand surges, short-term supply disruptions an execute the day-to-day business, but you also need to be able to look ahead and plan for increased capacity, risk reduction and the streamline of workflows. That combination will make the team succesful today and succesful tomorrow.
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Businesses talk a lot about supply chain... but do they look enough at the overall strategy? The right strategy is able to empower businesses of all sizes to optimize their supply chain processes, reduce costs, and enhance overall efficiency. Our unique approach to supply chain strategy is to collaborate with company leaders, applying our decades or experience and methods to facilitate the right strategy. Tell us about your business... we might be able to help! Learn more: https://lnkd.in/eZs3C3Br #supplychainstrategy #supplychain
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As outlined in the attached below, Supply Chain management is a critical driver of operational success, and I’ve had the opportunity to design and implement top-tier strategies that mirror best practices from industry leaders like Walmart. My expertise spans across the full spectrum of operations to deliver cost savings, improve efficiency, and support scalable growth. Here’s how I’ve successfully integrated key supply chain programs: ⏱ Advanced Technology & Data Analytics: 🚚 Vendor Partnerships & Collaboration: 🕸 Efficient Distribution Network: 🏭 Cross-Docking: 📊 Economies of Scale: 🚚 Logistics & Transportation (Private Fleet): 📦 Just-in-Time Inventory Management: 🌎 Global Sourcing & Diversification: 🌱 Sustainability Initiatives: 💡 Innovation & Continuous Improvement: By applying these and other strategies, I have driven double-digit revenue growth, increased inventory turnover, and supported business expansion—all while maintaining an efficient, resilient supply chain. Let's connect if you're interested in discussing how these practices can be tailored to drive value in your organization! #SupplyChainExcellence #Leadership #OperationalEfficiency #Logistics #Innovation #Sustainability #ContinuousImprovement
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Manager at Strategy&, part of the PwC network
1wThank you for these insights, can't agree more from an automotive point of view.