Strategic sourcing has changed manufacturing.
Product life cycles are shrinking, consumer
demographics are changing, consumers are
behaving less predictably, and economic
events ripple through markets very quickly.
For survival, Corporations, suppliers, local
distributors and retailers must be prepared
to react to – and preferably predict
– change. Failure to do so results
in costly write-offs, stock-outs, and loss
of market share. In this environment, where
suppliers will be expected to bear the brunt
of cost reductions and innovation while
increasing quality and capacity levels,
selection becomes a strategic decision –
thus the term strategic sourcing - based
on its measured value to the entire supply
chain. NMMI’s Business Model addresses
the Corporations’ Strategy and Planning,
Demand and Supply Management, Execution,
and Analysis alignment requirements of its
suppliers.
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DEMAND DRIVEN
SUPPLY FLOW
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