Latest / The Buyer's Side with Fexingo: Procurement, Sourcing, and B2B Purchasing Decisions
How One Company Cut Supplier Lead Time by 40 Percent
Episode 3 of The Buyer's Side with Fexingo dives into a real-world procurement overhaul at a mid-size manufacturer called Meridian Components. Lucas and Luna walk through how Meridian's sourcing team applied a 'value-stream mapping' exercise to their top 20 suppliers and discovered that nearly half the lead time came from internal approvals, not the suppliers themselves. By redesigning their purchase-order workflow and negotiating mutually agreed lead-time buffers, Meridian slashed average supplier lead time from 18 days to 11 days — a 40 percent improvement — without…
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