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Buyers Need a Few Good Suppliers

01/01/2017

Many companies reduce their number of suppliers to cut materials costs, but that is not the only benefit of doing business with a smaller number of suppliers. The idea of supply base rationalization is to become a more important customer to key suppliers that manufacture critical parts and develop new technology that an OEM needs for its future new products.

This is the statement developed by James Carbone in Strategic Purchasing.

Read the article here