Conference Day One: Monday, 25 November 2019
Monday, November 25th, 2019
Supplier incentives have been reversed from the more spares and repairs I can sell, the more profit I can make to the less I use, the more profit I can make.
However, how can shifting responsibility for outcomes to suppliers while also lowering overall lifecycle costs work?
- Transforming the supplier/customer relationship to a focus on outcomes versus transactions
- Long-term planning and investment in improvement
- Better inventory management, resource planning through opportunities to reduce labour costs and fewer but higher-priced long-term contracts