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Good working relations between the OEM and the supplier is the key to profitability. Strong relations indicate lesser business costs, greater productivity, and efficiency. But what are the key challenges faced while communicating with the suppliers to figure out the correct strategy? How should one remove such barriers?

To find the best strategy, you need to understand what collaborative effort is. Shifting over to a collaborative approach is the answer to all the issues between the supplier and the OEM. Your goal is to find innovative cost reduction technology and communicate the cost improvement requirements over to the supplier group.

Read this whitepaper now to learn the key drivers to cost reduction. Find out the best strategy for momentous cost reduction, and to strengthen the relations between both the OEM and the supplier. Analyze the missed opportunities and figure out the best way to gain a competitive advantage and assured cost reduction.