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Should value creation be delivered by the supplier?
The idea that value creation should come solely from the supplier is widespread, but risky. Companies must not only rely on their suppliers but also actively participate in value creation. Over-reliance on the supplier can make the company vulnerable to risks, stifle innovation, and cause quality issues.
A collaborative approach
Value creation requires a close partnership between companies and suppliers. This means that companies must be actively involved in optimizing the value creation by:
Transparent communication: Both sides should pursue the same goals.
Joint innovation projects: Collaboration in the development of new products and processes.
Quality standards: Joint definition and monitoring of quality criteria.
By sharing and actively shaping the responsibility for value creation, companies can not only reduce their dependence on suppliers but also build a more sustainable and efficient value chain. Value creation is a joint task that can only be achieved through collaborative partnership.
Do companies need to take more responsibility for their own value creation?
Discuss in the forum: How can companies and suppliers work together better to create a sustainable and effective value chain?
