Procurement hierarchy based on Maslow’s Theory, starting with basic business needs [providing goods and services on time, with quality, and at a competitive cost], risk minimization [have backup plan so product or service isn’t disrupted when catastrophe occurs], value / stakeholder satisfaction [elimination of waste, increasing profit, minimal supplier issues], breakthrough innovations [streamline of design workflow allowing new products to market sooner], key relationships [win-win, ideal supplier relationship], based on Maslow’s Theory. Let us know your thoughts.
Posts tagged ‘Value’
“How Supply Chain Drives Shareholder Value” a Big Hit With CSCMP – Article from Supply Chain Management Review
“At Pier 1, each product is touched 11 times before it gets to the consumer,” said Rake. “Every single day, our team works as hard as it can to figure out how to reduce the number of touches we have before the product reaches the consumer.”