Does saving costs have to mean strong-arming your suppliers?
It may seem like the most speedy, direct way to achieve your goal, but squeezing your vendors is not necessarily the best, or the most effective, solution.
In our latest bulletin, The Procurement Pro’s Guide to Supplier Summits: How to Reduce Costs, Drive Innovation and Create More Value, GEP’s sourcing experts present supplier summits as a viable alternative. They detail the best timing for such events, how procurement teams can plan and execute them successfully both in the physical and virtual space, and the benefits of this approach in building relationships and driving innovation.
- What supplier summits can bring to the table
- Impact of summits across various spend categories
- Why executive buy-in and involvement are crucial
A must-read for procurement teams looking for quick wins without alienating their suppliers.