Supplier Partnering: Keep Your Profits Up And Costs Down
American business, through much of the 20th century, functioned based on the paradigm of adversary transactions. Decades ago, this syndrome was prevalent in situations where small companies supplied large national companies. This was conventional wisdom in the supply sectors.
Fortunately, today we are seeing a major business philosophical shift happening before our eyes. The cost of doing business is steadily increasing, yet only in a few industries are profits increasing to keep pace. A new belief or model, a new paradigm, has become absolutely necessary. This paradigm is collaboration.