Supply Base Optimisation Definition

Supply base optimization definition: a comprehensive and structured approach to managing an organization’s supplier relationships in order to identify and realize value-creation opportunities.

The goal of supply base optimization is to find the right mix of suppliers that will help an organization achieve its business objectives. This includes identifying which suppliers are critical to the company’s success and then working with those suppliers to improve performance.

There are many benefits of supply base optimization, including improved supplier performance, reduced costs, and increased customer satisfaction.