Beckway Insights: Cross-Functional Collaborations
For sustainable growth and adaptability, organizations must interlock key procurement and supply chain roles for better cross-functional collaborations. These collaborative opportunities include:
- Purchasing & Commodity Managers: Aligning purchasing parameters with supply chain requirements, optimizing category spending, and driving strategic sourcing initiatives.
- Contract & Logistics Managers: Ensuring supplier performance, optimizing transportation costs, and maintaining timely delivery of goods through efficient contract management and logistics planning.
- Commodity & Inventory Managers: Balancing inventory levels and optimizing warehouse space utilization by aligning commodity-specific strategies with inventory management practices.
- Supplier Relationship & Quality Assurance Managers: Addressing quality issues, implementing corrective actions, and ensuring adherence to industry standards by nurturing strong supplier relationships and effective quality management.
- Procurement & Supply Chain Managers: Developing joint KPIs, such as cost savings, lead times, on-time delivery rates, and inventory turnover, and aligning strategies for process improvement.
An effective organizational structure and interlocking KPIs (such as supplier performance and inventory) fosters collaboration between these roles, enabling seamless communication and decision-making. By strengthening these interlocks, organizations can realize cost reduction, enhanced risk management, increased agility, and innovation, driving business success.
For more information on Beckway’s Procurement practice, contact John Bradshaw at firstname.lastname@example.org.