Vendor Management: Key Points for Building Strategic Partnerships in Manufacturing Industry

In the manufacturing industry, it is necessary to procure many parts and services from external vendors, from raw materials to finished products, and vendor management is directly linked to a company's competitiveness. It is important to build long-term trust relationships with vendors and establish efficient partnerships in development, production, and logistics. Various aspects such as cost, quality, delivery time, and reliability need to be managed appropriately.
Strategic vendor management involves building a symbiotic and co-creative relationship between business partners. Matching the vendor's business activities with the company's needs, fostering collaboration and information sharing among procurement, development, and production departments, and conducting vendor seminars and site tours are effective strategies. By conveying requests through direct dialogue and deepening understanding, communication and trust can be established. To address the challenges of vendor management, newji's QCD procurement and purchasing management cloud service is effective. It centralizes procurement and purchasing operations with cutting-edge AI technology and simple usability, enabling efficient procurement strategies through real-time data analysis. It frees you from the complexities of traditional procurement and purchasing operations, allowing you to focus on core business activities. This powerful cloud tool for the procurement and purchasing department in the manufacturing industry achieves automation of productivity improvement and cost reduction.

Inquiry about this news
Contact Us OnlineMore Details & Registration
Details & Registration
Related Links
newji is a QCD procurement and purchasing management cloud that combines AI with simple usability. It realizes optimal procurement strategies with real-time data and automates order management tasks. It is a new option that supports productivity improvement and cost reduction.
NEWJI DX is a BPaaS service aimed at realizing digital transformation (DX) specialized for the manufacturing industry. By utilizing AI, iPaaS, and cutting-edge tools, it achieves efficiency in manufacturing processes, operational efficiency, enhanced teamwork, cost reduction, and quality improvement. It deeply understands the challenges of the manufacturing industry and provides optimal digital solutions to support companies in achieving sustainable growth and transformation.