Across our customers, we have seen a direct correlation between companies that optimize their supplier relationships and an increase in shareholder value.
Wexford, PA (PRWEB) September 18, 2013
Directworks, a leading provider of direct materials sourcing software, will host a webinar on October 2, 2013, entitled, “Creating Shareholder Value from Supplier Relationships.” In the webinar, Greg Anderson and Michael Cross of Directworks will share best practices for managing supplier relationships and discuss how these practices increase shareholder value.
“Across our customers, we have seen a direct correlation between companies that optimize their supplier relationships and an increase in shareholder value,” said Greg Anderson, President of Directworks. “This value is achieved by growing revenue through successful new product introductions and reducing costs with total-cost sourcing strategies. Both of which improve the profitability of the company.”
The webinar will challenge manufacturers to adopt ten best practices in supplier management, featuring:
- Understanding supplier motivation
- “Right-sizing” supplier networks
- Increasing collaboration with suppliers
- Achieving visibility into total cost
- Mastering risk assessment
- Choosing the right technology enablers
Webinar attendees will be presented with a newly published white paper on the topic. Manufacturers are encouraged to register for the webinar at http://www.directworks.com/Supplier-Relationship-Mgmt-Webinar.
About Directworks: Directworks helps manufacturers save time and money by simplifying the way they source and manage direct materials. Manufacturers strive to select the right suppliers for the direct materials they use to build their products. Directworks provides cloud-based sourcing software built for manufacturers to engage suppliers, create cost transparency, securely collaborate on product design, efficiently analyze quotes, and assess the critical factors required to make the best cost-for-value sourcing decisions.