Take It With You
Manufacturing companies are continuously evolving, improving their supply chains to increase their competitiveness by enhancing efficiencies and lowering costs. Some companies have simplified their supply chains by entering into partnerships with a few strategic suppliers that excel at manufacturing finished goods on a global scale.
By leveraging their core competencies and consolidating spend to a few strategic contract manufacturers, companies can optimize their supply chain spend and significantly simplify supply chain management complexity; however, this trend creates a lack of visibility and involvement with the lower-tier suppliers.
The HP Buy-Sell process provides a mechanism for companies to get involved at the subtier supplier levels to gain visibility and exert a level of control over subtier transactions. In environments that have a large number of lower-tier suppliers, dynamic material or component markets, and sufficient critical mass in volume, the return on investment of a Buy-Sell process can be quite significant.
