SUPPLIER SELECTION
“ This enabled not only economies of scale , but also streamlined operations and improved quality , all of which can improve cost .”
Another pillar of that strategy is selecting and partnering with suppliers who can help achieve operational excellence . By having a common goal of delivering parts both on time , and with a high quality , Whirlpool Corporation Has reduced operational costs and allowed its teams to focus on delivering new and innovative solutions to the market . Nagy believes that these methods are already helping to deliver results : “ We ’ ve seen improved operational performance which has ultimately improved our cost position . We expect this forward momentum to continue into 2024 and beyond .”
2022 annual sales :
$ 20bn
61,000 employees
56 manufacturing and research centres
Reducing risk for a resilient supply chain The overall goal of the transformation has been to maintain a resilient and agile supply base that reduces vulnerability of disruptions and improves the speed of company reactions . This package of measures includes constant evaluation of their supply base and using dual sourcing to protect from problematic disruption .
“ Dual sourcing provides flexibility in the event of a supply chain disruption , allowing us to shift supply between alternate approved suppliers ,” says Nagy . “ We regularly assess the various risks in the supply chain and where dual sourcing could be most beneficial . We then partner with engineering and manufacturing to approve alternate
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