SUPPLY CHAIN MANAGEMENT STRATEGY
SUPPLY CHAIN MANAGEMENT STRATEGY
SPX CORPORATION
• Do we have the right payment terms with our suppliers to support our operating working capital ?
• Do we have the right Incoterms ® with our vendors ?
• Do we have the right inventory carrying cost and turns ratio ? The company ’ s tools address these uncertainties .
The other major contributor towards our transformation is the Supply Chain Management ( SCM ) strategy . The SCM strategy has five intrinsic elements to its approach other than sourcing . “ When we talk about the SCM strategy we start with sourcing , which is made up of two parts : - strategic , which includes risk mitigation strategy through dual sourcing using should cost model and operational , which includes transactional day-today buying ,” states Arora .
SUPPLY CHAIN MANAGEMENT STRATEGY
“ Besides sourcing , supplier management is the other important piece of
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SUPPLY CHAIN MANAGEMENT STRATEGY
“ Master excellence thru repeatability ”
JUNE 2019