Mode | Strategy and tools for effective supplier collaboration

Supplier relationship guide - Mode & Luxury - Vol.2

Strategy and tools for effective fucking collaboration

Are you looking for a strategic guide to transform your supplier relationships and improve the management of your purchases?

Supplier relations, what challenges in the fashion sector?

Strengthening supplier relationships and the effective management of suppliers has become imperative in the current context of the supply chain. The challenges such as globalization, the growing complexity of products and services, as well as competitive pressures and the risks linked to supply, lead companies to rethink their strategy in terms of supplier relationship management ( SRM : Begin Relationship Management).

This is all the more true for companies in the fashion and luxury which must master the quality, compliance and performance of their outsourced productions. According to the McKinsey Chief Product Officer 2023 study, 51% of the actors plan to strengthen the relationship and collaboration with their suppliers over the next five years. This trend is recognized as an essential strategy to optimize the supply process, meet increasing sustainability requirements, ensure compliance with constantly evolving regulations and reduce costs while gaining reactivity. The digitalization of the supplier relationship, using dedicated software, is no longer an option.

In an economy of competitiveness and innovation, the role of suppliers in the supply chain is not only to provide products and services. They have become partners of the company, essential for collaboration, improving performance and value creation, allowing the company to differentiate itself.

Dedicated tools to control the supply chain indicators

Companies, to strengthen a relationship based on trust and transparency with their suppliers, must rely on digital tools and SRM software to have better control of their operational indicators and data, such as otive , lead time , and KPIs, while optimizing their supply process. Provide their suppliers with the means to work at the best of their requirements improves the quality and performance of collaboration. A " control tower " offers both an operational supervision tool to anticipate drifts, manage risks, react quickly and decide with discernment in order to ensure effective delivery and reduction in deadlines.

Integration of SRM with other business systems

To maximize the efficiency of supplier Relationship Management (SRM), it is essential to integrate SRM with other business management systems such as ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management). This integration of software allows fluid circulation of information and data between departments, improves visibility on supplier performance using KPI, and facilitates decision -making based on consolidated data. By integrating these systems, companies can optimize their supply processes and strengthen their supplier relationship management strategies.

Fruit of almost 20 years of experience in the supply chain for the fashion & luxury textile industry, we offer a strategic guide as well as an operational to help you effectively manage relationships with your suppliers, take up challenges, optimize your supply chain and improve your purchasing processes thanks to suitable solutions.

The supplier Relationship Management (SRM) is not only an acronym, but rather a fundamental management approach to maximize the value of interactions with suppliers, optimize strategic relationships and guarantee the long -term performance of your supply chain.

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What are the main advantages of the implementation of a strategy for managing suppliers in a company?

The main advantages include strategic partnerships, improving quality and efficiency, increased savings, better regulatory compliance, and risk reduction. This also promotes close collaboration with suppliers, thus optimizing the operations and productivity of the company.

How to identify and manage the risks associated with suppliers to ensure the stability of the supply chain?

To identify and manage the risks linked to suppliers, it is crucial to assess suppliers regularly, to diversify the sources of supply, and to establish solid contracts. Use risk matrices and on -site audits helps to analyze risks. Setting up emergency plans is also essential.

What are the best practices to establish collaborative and sustainable relationships with suppliers?

The best practices include transparent communication, compliance with contractual commitments, avoidance of payment delays, and the involvement of suppliers in the purchasing strategy. It is also crucial to set clear expectations and maintain an effective governance framework to guarantee win-win relations.

What key performance indicators (KPI) are used to improve supplier performance?

The KPIs to assess suppliers include the rate of failure inspections, the defect rate, the delivery time, the rate of compliance with deadlines, and the service rate. These indicators make it possible to measure the quality, reliability and efficiency of suppliers.