Regardless of the focus on true value in the supply chain , the supply chain professional still needs to understand figures , highlight efficiencies and cut costs . Those are the measures that CEOs , boards and leadership teams understand more readily .

Supplier , stakeholder and management relationships

Companies have a huge amount of data in their supply chains so managing it and using it effectively will give you great insight and intelligence to re-use in your business . This information gives businesses the opportunity to make more informed decisions and increase accountability for why certain decisions were made .

Think more about developing partnerships and being collaborative rather than beating down suppliers or kowtowing to needy stakeholders . Good suppliers can help you resolve problems and key stakeholders can offer good advice at crucial times , so having strong relationships with all key partners makes sense . Think of internal stakeholders as partners too . Harness opportunities to collaborate and share insight and staff to offer that level of support too .

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