Supply management: strategy's hidden accelerator

Most companies are already pursuing a variety of initiatives that constitute today's conventional wisdom for improving supply management. They are optimizing costs through expanded (often global) sourcing. They are consolidating suppliers of high-value products and services, and they are linking up tightly with those that remain. The challenge is to extend and deepen those capabilities to catch the next wave of supply-side competitive advantage. The experience of a handful of world-class supply leaders suggests at least three critical imperatives: 1.Practice strategic supply management 2. Think cross-functionally-and outside your four walls and 3. View supply management as an agent of innovation.

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