Supplier Development

Improve your supply chain functionality & competitive advantage.

Imagine a supply network where customers and suppliers harmonize as if they were one single integrated entity.

Align Value Between Your Organization And Your Supplier Base.

Mitigate And Remove Supply Risks.

Improve Supplier And Product Performance

Improve your supply chain functionality & competitive advantage.

Imagine a supply network where customers and suppliers harmonize as if they were one single integrated entity. Imagine the communication velocity, the fluidity, the synchronization, the waste reduction possibilities, the product lightspeed to market, the powerful relationships…. Yes, we make this happen for you, lift your enterprise to the next level.

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ALIGN VALUE BETWEEN YOUR ORGANIZATION AND YOUR SUPPLIER BASE.

Modern times demand better, faster, lower cost, quality products for enterprises to stay competitive… and supply chains are plagued with inefficiencies and hidden cost reduction opportunities. Often what is perceived as a value-add in the eyes of the supplier in fact adds no value to you… the customer. We will drive this alignment and have your suppliers and your organization reap the profits.

MITIGATE AND REMOVE SUPPLY RISKS.

The close joint venture and trusted collaboration between you and your suppliers enable you to identify existing and potential future risks in the operational, financial, geographic, or sub-tier elements. Have our agents assess and drive short term mitigation/ long term permanent measures to extinguish or significantly reduce the risks.

IMPROVE SUPPLIER AND PRODUCT PERFORMANCE

Synchronize your supplier base strategy with our program and help your suppliers achieve premium levels on quality, OTD, cost, lead time, process robustness, agility, and Lean effectiveness. Capitalize on removing wasteful activities and costs such as safety stock, over-inspection, overtime, extra freight, and obsolete inventory. Develop new product business opportunities with available supplier advantage technologies.

DRIVE TIMELY NEW PRODUCT INTRODUCTION AND FIRST ARTICLE PROGRESS.

We all know the challenges organizations face when developing new products and the sourcing complexities for materials and components to be developed. Leverage our skilled resources for on-site representation and coordination at your developing suppliers to ensure timelines are aligned to be met from the start, get real-time progress updates, and facilitate information exchange along with rapid decision making. Our project experts work in unison with your suppliers’ teams in a seamless process.

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DRIVE TIMELY NEW PRODUCT INTRODUCTION AND FIRST ARTICLE PROGRESS.

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What is Supplier Development?

In this video, we explore what supplier development is and why your company might benefit from this service.

Video Script

How much do you really know about your supplier?

If your company uses a supply chain, understanding how your supplier’s company works and, more importantly, aligning values and goals between your company and your supplier is key.

By investing in supplier development, GPSI has helped companies improve their supply chain performance and mitigate many supply risks.

When you and your supplier are working in tandem, you create a network that ties together your suppliers and your customers as one integrated entity. This will lift your business’s service to an extremely high level by reducing waste on your supply chain and delivering a quality product within the budgeted timeline.

Business is all about relationships, and by incorporating supplier development into your company’s strategy, you will be strengthening your most important partnership.

FAQs

What is supply chain development?

Supply chain development refers to implementing strategic and operational tasks to reach existing customers, find new clients, and meet their requirements efficiently, reliably, and cost-effectively.

Businesses in the supply chain industry are highly dynamic, requiring them to focus on their companies’ operations while keeping an eye on the supply chain strategy. When you cope with rapidly changing situations, you can maximize the overall value.

GPSI has a team of experienced professionals to help you improve your supply chain visibility. We provide you with essential information to identify blind spots and improve your overall supply chain strategy.

How to gain a competitive advantage in Supply chain management?

Attaining and maintaining a competitive edge in supply chain management is one of the most significant challenges for businesses. However, you can use your supply chains as a source of competitive advantage to save costs and increase profits.

Supply chain efficiency requires you to use resources, technology, data, and expertise accurately to maximize logistics costs and improve profitability levels. The primary goal of achieving a competitive edge in supply chain management is to optimize processes and stages, leading to higher profits. Here are a few strategies to gain a competitive advantage.

Expand Your Supply Chain Visibility

Increase your visibility over your suppliers and related operations to improve your supply chain efficiency. GPSI’s professionals will give you eyes on the ground, at your supplier’s site where transparency lacks.

Communication With Your Suppliers Is Key

Communication is an integral part of efficient relationships with suppliers. When you have optimal relationships with suppliers, you will plan better and prevent the risk of shortages, delays, and other complications proactively.

Research shows that a dependable supplier tracks the work-in-process inventory phase, impacting the products’ quality you sell and quickly obtaining more inventory. After discovering flexible and responsible suppliers, you can strengthen relationships via open communication and conflict resolution.

Automate Your Supply Chain Processes

According to GPSI, finding methods and techniques to automate your supply chain processes can reduce human error, improve efficiency, and increase performance. So, this can save you money and time in the long run.

For instance, you automate time-consuming tasks, such as order processing, and other operations without human errors and risks. Thus, you can streamline your overall strategy, improve processes, and increase productivity. Remember, this plays a critical role in achieving a competitive edge in supply chain management.

Use Real-Time Data

Use analytics reporting tools to access and analyze real-time data. The purpose is to make informed decisions and streamline your planning for supply chain operations.

The metrics allow you to analyze real-time data and generate valuable insights into various supply chain areas. Analytics tools give you access to distribution metrics and help you identify when, where, and how your orders are managed across the supply chain.

How to harmonize and improve the supply chain network?

Balancing and improving your supply chain network is critical to improving your business operations, maintaining a competitive edge in the industry, increasing productivity, enhancing relationships, and generating higher returns on investments (ROIs). Here are a few practical strategies to improve your supply chain network.

Analyze Your Competitors’ Strategy

GPSI experts recommend comparing your supply chain strategy with your competitors’ plans/strategies. The purpose is to utilize private and industry benchmarking databases and identify competitors’ nodes to ensure future growth. Remember, growth comes from Omni-channels and fulfillment strategies.

Focus on Data Analysis

Investing in data analysis and implementing networking optimization tools and software is an excellent way to conduct data analytics. We recommend choosing a network optimization tool to streamline R&D and support your supply chain management team with enough resources and tools to manage the workload.

Generate Insights from Real-Time Data

Real-time data analysis helps you generate valuable insights and details on service levels, inventory levels, volume shipped, carrying costs, and transportation operations. GPSI experts recommend building capacity models and developing risk management strategies to mitigate problems proactively.

How to improve supply chain management in your business?

Supply chain management is critical because it helps your business achieve its goals and objectives. For instance, you can control manufacturing processes, enhance product quality, reduce the risk of legal issues, and develop a solid brand. When demand for supply increases, it is crucial to improve your supply chain management. Here are a few ways to get the job done adequately.

Ensure Your Supply Chain is Agile

Making your business and supply chain management agile is even more important today due to the Covid-19 pandemic. We recommend focusing on prioritization, particularly the scalability and adaptability to improve your business.

So, this requires you to realign your business and supply chain operations to cope with unforeseen and unexpected challenges. There are multiple ways to make your supply chain more agile. These include:

Leverage blockchain technology
Develop internet of things (IoT) tools
Data analytics to future-proof your supply chain management

Automate Your Supply Chain Management

Automation has become an integral component of supply chain management in the 21st century, particularly during the current pandemic. You can use automation tools to manage your supply chain operations and make all processes efficient, flexible, transparent, and agile.

In addition, automation technologies include artificial intelligence, machine learning algorithms, robotics, RFID technology, etc., to speed up your business operations and maximize efficiency.

Develop Value Chain Management

Developing solid value chain management is essential for optimizing supply chain operations and maximizing profitability. Investing in value chain investment will strengthen your supply chain management and promote deeper connections with service providers, allowing you to become more proactive, mitigate risks, and increase value.

What are the objectives of a supplier development program?

A supplier development program plays a critical role in improving your overall supply chain strategy. The purpose is to ensure your teams work with selected suppliers, collaborate, cooperate, and communicate effectively, leading to increased efficiency and performance. As a result, you can achieve business growth and maximize profits. Here are the objectives of building or using a supplier development program.

Attain and Maintain Competitive Advantage

The primary objective of a supplier development program is to ensure you gain visibility on your suppliers, encourage healthy competition among suppliers, and incentivize them to offer better rates and optimal service.

In addition, a supplier development program focuses on diverse suppliers, allowing them to innovate and grow without the risk of a lack of resources. The program provides additional support to suppliers, allowing them to access networks and mentoring teams to transform their output.

Improve Collaboration and Supply Chain Transparency

A supplier development program ensures loyal suppliers support you through challenging times. The purpose is to streamline supply chain management when unpleasant situations occur, such as supply chain disruption.

Besides, it helps you better understand your supplier’s business operations, financial stability, and risk mitigation strategies. A growing body of research evidence shows that competing for procurement contracts is one of the most challenging tasks for small suppliers.

The good news is that a supplier development program gives you opportunities for increased collaboration. It also ensures suppliers access coaching modalities and creates partnerships to win significant bids. As a result, this innovation and growth benefit your supply chain management.

Improve Quality and Build Brand Reputation

A solid supplier development program leads to better quality management and control, ensuring a higher standard of products and services. Thus, you and your suppliers understand each other’s needs and requirements to resolve potential issues reliably, transparently, securely, and cost-effectively. The purpose is to direct your focus on quality and not quantity.

Moreover, a supplier development program supports small-medium enterprises and diferring suppliers to ensure diversification and sustainable initiatives. It benefits local communities by providing employment opportunities and economic growth. You can also integrate the program with your company’s marketing strategy to improve your brand reputation and achieve higher customer satisfaction rates.

How can the supply chain be improved after covid?

The Covid-19 pandemic has stunned the supply chain worldwide. However, many businesses have made substantial efforts to respond to the pandemic and maintain the supply of essential products, such as food, medical supplies, etc.

According to GPSI’s experts, the Covid-19 pandemic has tested supply chain companies’ resilience, ingenuity, and flexibility worldwide. Health and economic crises are challenging for businesses because they have disrupted corporate values and purpose.

Governments, communities, consumers, and inventors judge companies in the supply chain industry on how they respond to the Covid-19 pandemic and economic disruptions.

Therefore, companies in the supply chain industry should evaluate the operational and financial challenges caused by the Covid-19 pandemic. At the same time, it is crucial to address the needs of suppliers and customers.

When you take informed actions, you can transform the massive complexities and disruptions in the supply chain into meaningful change. We recommend a continuous cycle of risk mobilization, analysis, configuration, and operation to mitigate risks and optimize results.

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We will be more than happy to answer your questions and help you!

With our support, you will become a top-rated supplier. Your supply base will be solidified, and customers will recognize your good performance with more business, financial rewards and the stability that comes with it.

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