Transformation and Cultural Change Towards Innovative Supplier Management

Marc Helmold ()
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Marc Helmold: IU Internationale HS - Campus Berlin

Chapter 2 in Innovative Supplier Management, 2023, pp 21-35 from Springer

Abstract: Abstract Supplier management is facing significant challenges due to crises and trends. Global digitization and the drive for ever faster and new innovations are forcing companies to radically change their strategy and traditional guiding principles. Situations such as the financial crisis of 2008 and the COVID-19 pandemic of 2019/2020, the increasing global, and above all digital, interconnectedness of customers, suppliers and stakeholders, the worldwide networking, as well as the accompanying maximum transparency over a large part of the value-adding activities within global supply chains raises the question of the future generation of competitive advantages of manufacturing, trading but also service companies. In this context, supplier management, i.e. the function that controls the entire value chain, is becoming much more important across the entire value chain than it has been in recent years.

Date: 2023
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DOI: 10.1007/978-3-658-39245-1_2

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