Back to the Basics: Part 3 The Path to Supply Chain Resiliency with Jeffrey & Tim
Not all suppliers are created equal. Having a program/process to manage your supply base is critical to meet cost and assurance of supply objectives. The prevailing thought is to classify your suppliers and items into ABC/XYZ categories. While helpful in setting inventory goals, it may not be sufficient to stratify how you should manage your suppliers. During this video Jeffrey Porter, StockIQ and Tim Wise, Tight Lines Coaching and Consulting discuss 3 categories for evaluating your supply base and what processes should be in place to support your goals.