Or what about several months’ worth of sales in increased turnover and revenue via reduced lead time and faster time to market for new products?

It almost sounds too good to be true, but these are in fact some of the potentials identified by the companies participating in the project “Tighten the chain” (Stram Kæden) by the Confederation of Danish Industry (DI), and which they are now in the process of implementing.  “Tighten the chain” is about supplier development, which focuses on how companies can benefit from closer cooperation with their suppliers to achieve increased supplier performance to the mutual benefit of both the company and supplier.

Read the full article here.