Question

What do you understand by supply base optimization?

Answer 1

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Supply-base optimization is part of an overall sourcing strategy, which goals are to determine how many suppliers a company needs, identify the right suppliers, and establish the right relationship with them. Supply-base optimization aims to replace good suppliers with even better suppliers to optimize production.

Answer 2

Supply base optimization start with rationalization is strategic initiative and supporting process to initially reduce that is not Limited esuppliers moving beyond simply reducing the number of suppliers and spending more time with your suppliers .

Benefits:

1⃣ It improves the lines of communication.

2⃣ It increases access of information

3⃣ It stream lines the point of contact.