Forming supplier partnerships results in benefits for both parties

In 1997, Global Vacuum Forming Limited, a UK supplier of packaging and display products, faced mediocre supplier performance - 6 week lead times, market prices, no loyalty either way, and no understanding of each others needs. Steps taken to establish its first supplier partnership and results achieved in the first year were: 1) Stocks were rationalised and reduced from 81 lines of PVC to 18 2 ) 10 'improvements' identified and a target set to achieve a minimum of 5 of these 3) 19 PVC suppliers ...

BPIR Categories

5.2.2 Work with suppliers/outsourced contractors
13.1 Develop and manage supplier/customer partnerships