Supplier relationship management challenges are even more likely to occur during challenging times. Here are a few problems your company might encounter and how to solve them.

Developing good relationships with suppliers can mean the difference between disruption and gaining a competitive edge.

Supplier relationship management (SRM) is important, but doing it well can be difficult. Typical challenges include lack of competencies and alignment; meanwhile, the pandemic and its af...

Successful supplier relationship management requires giving the right kind of attention to each type of supplier.

That means, as a supply chain or procurement leader, you need to understand best practices in managing a strategic supplier.

What is a strategic supplier?

Whereas a transactional supplier is typically one that offers a low cost in the short term just to fill a need, a strategic supplier is core to a company's business.

A strategic su...

Working together on behalf of 147 customers, in 2019, 3M and Stellar Industrial Supply saved those joint customers nearly 24 percent off the total cost of anticipated spend. This equates to more than $3 million in documented cost savings overall.

Stellar Industrial Supply Names Fullerton Tool Co. as 2019 Supplier of the Year January 22, 2020 Stellar Industrial Supply, which distributes more than 35,000 MRO (maintenance, repair and operation) products and tools from more than 1,500 brands for safety, metalworking, marine supply, aerospace, and other general manufacturing...

Stellar Industrial Supply names Fullerton Tool Company, Inc. as its 2019, repeat Supplier of the Year award winner. Fullerton also won the award in 2018. Read full article here…

Stellar Industrial Supply Names Fullerton Tool Company as its 2019, Repeat Supplier of the Year Award Winner Working together they help save Joint Customers Nearly 20% in Documented Cost Savings; Partnership drives a 38% increase in joint customer revenues Tacoma, WA — Stellar Industrial Supply,...

An effective plant safety program includes up-to-date products, educated employees, properly trained and certified officials, and effective labels and signage. John Diaz JAN 08, 2020 Many manufacturers are given low scores for safety because they have no written safety program in place. Or worse, they have...

9 steps to optimize a plant safety program Author John Diaz Published November 1, 2019 – 3:15pm Has your workplace received low safety grade scores because it has a poor program or, worse, no written safety program in place at all? Having an expert safety...

Tariffs, Uncertainty, Risk: A Wake-up Call for a Slowdown John WiborgJul 23, 2019 Share: Welcome to Thomas Insights — every day, we publish the latest news and analysis to keep our readers up to date on what’s happening in industry. Sign up here to get the day’s...

Tweaking how cutting tools, inserts, and tool holders are selected and managed, and how jobs are set-up, may yield surprising improvements in tooling life, job throughput, and shop-floor efficiency https://www.americanmachinist.com/cutting-tools/eight-simple-ways-reduce-hidden-tooling-costs