DECEMBER 20248MANUFACTURING TECHNOLOGY INSIGHTSIN MY OPINIONIn today's interconnected and globalized economy, the complexity of supply chains has made supplier relationship management (SRM) more crucial than ever. However, effectively managing SRM presents significant challenges, requiring companies to adopt a proactive and strategic approach.Recent research by Amazon Business, to be released in November, shows that Manufacturing leaders are more worried about supplier capacity than they were last year, with 64 percent citing supply chain shortages as their top industry challenge. Both procurement decision makers (23 percent) and leaders (24 percent) agree that suppliers who can't support digital procurement needs is their greatest procurement challenge facing the industry. However, with 35 percent of leaders stating that procurement's greatest value to the organization is their ability to enhance supplier relationships and collaborations, the pressure is on to bridge these widening gaps.Manufacturing procurement leaders want reliable suppliers that can support modern digital procurement needs, provide visibility into their inventory, and ensure on-time delivery. That's why Amazon Business brings together a broad range of trusted suppliers offering certified sustainable products, many of whom have recognized small, local, or diverse certifications. All backed by our reliable, customizable delivery options.By Anthony Jenkins, Senior Product Manager for Sustainability, Amazon BusinessTHE CATALYST FORSUSTAINABLE ANDSTRATEGIC PROCUREMENTAnthony Jenkins
< Page 7 | Page 9 >