Will MillingPI - Fashion's Technology…•6K followers

What don't you want your suppliers to see?

Name: What don't you want your suppliers to see?
Uploaded: 2023-10-13T13:48:18+00:00
Duration: 33 s
Channel: Will Milling
Description: In this brief segment, the speaker outlines a paradigm shift in how large companies manage supplier relationships. From roughly 2000 to 2015, firms…

13 Oct 2023 · 1 min

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In this brief segment, the speaker outlines a paradigm shift in how large companies manage supplier relationships. From roughly 2000 to 2015, firms primarily decided what information to expose to suppliers, tightly controlling visibility. In the current era, especially among larger enterprises, the focus has flipped: companies now consider what they don’t want suppliers to see and instead grant suppliers greater access and capabilities. This empowerment enables suppliers to achieve better pricing, automate data‑entry tasks, and eliminate costly, time‑consuming processes that are more efficiently handled by the suppliers themselves.

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So basically the paradigm shift was earlier, let's say in like 2000 to 2015, you were deciding what did you want to expose to your suppliers. And today it's more or less, it's really shifted, especially for larger companies, what don't you want your suppliers to see? So really granting them a lot more capability in order to hit better price points, in order to really offload a lot of the data entry, really get rid of a lot of the costly time-consuming tasks that usually are better handled by your, by your supplier.