Future trends and predictions of what’s next for PLM and the complex manufacturing value chain.
Summary: Traditional supplier management squarely focuses on getting the lowest price for a part. Value-focused supplier relationship management, or SRM, promotes collaboration between manufacturers and suppliers as a best practice because it delivers long-term benefits. Pay a little more now, reap the rewards forever. As companies grow and scale in size, outsourcing is inevitable. So much so that, 70% of today's [...]