You're facing supplier conflicts in plant operations. How can you balance cost-saving efforts?
When supplier issues arise in plant operations, balancing the budget becomes a tightrope walk. Here's how to maintain equilibrium:
How do you handle conflicts with suppliers while keeping an eye on the bottom line?
You're facing supplier conflicts in plant operations. How can you balance cost-saving efforts?
When supplier issues arise in plant operations, balancing the budget becomes a tightrope walk. Here's how to maintain equilibrium:
How do you handle conflicts with suppliers while keeping an eye on the bottom line?
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I have had my share of supplier issues in plant operations—delays from lack of capacity, mismatched specs because of poor communication, and even safety violations with how materials were stored. It was causing major disruptions. To tackle it, I diversified our supplier base, focusing on KPIs like quality, timelines, capacity, pricing, and safety. We also brought in an e-procurement system, which made a huge difference. It improved communication with real-time updates, helped us prioritize suppliers by performance, streamlined inventory management, and kept us compliant with regulations. It completely transformed our supply chain into something reliable and efficient.