Effective Strategies for Finding Suppliers: Secrets and Proven Practices in the Mexican Market.
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Digitization of processes
The digitization of processes has become an absolute necessity for companies wishing to remain competitive in today's market. Including technology in supplier selection not only optimizes the process, but also ensures greater reliability and efficiency. Through new digital tools, companies can evaluate and select suppliers more accurately, based on concrete data and in real time. One platform that stands out in this area is Bainub, which facilitates the search and validation of certified suppliers through its digital channel.
What is Bainub's advantage in my search for Mexican suppliers?
The easiest way to find suppliers in Mexico is through the implementation of digital tools such as the online platform Bainub allows companies to access a global database of verified suppliers, significantly reducing the time and resources spent on search and verification. Buyers can filter suppliers based on specific criteria such as location, production capacity, certifications and ratings from other customers. This not only ensures that suppliers meet the required standards, but also provides an additional layer of transparency and trust in business transactions.
Mexico could be an important ally for U.S Companies
In recent years, consumer behavior and the digital transformation of the industry itself have changed the way the supply chain operates. More and more U.S companies are looking for wholesale suppliers around the world, and one of the most promising supplier is Mexico. The Mexican industry has grown considerably in recent years, demonstrating that the quality of its products is worthy of export, meeting the demands of the international market. From concrete, metal, industrial tools to cleaning products, excellent response times and high quality have been proven.
Supply Chain vs Value Chain
Gartner's 2020 survey of supply chain executives reveals some of the main opportunities to be found after a time of crisis such as the one experienced in the last two years. Among them are:
Shorter supply chains.
More agile processes.
Acceleration of digital transformation.
Emergence of new business models.
Risk management.
In order not to be left behind you have to modernize and that includes changing your old supply chain system to value chain, which means that companies focus on a process of continuous integration, creating systems with social value, through product quality, cost reduction and production efficiency.
Supply chain, What's coming?
Several trends have a heavy influence on supply chain management: there is a continuing growth of the rural areas worldwide, with wealth shifting into regions that have not been served before. Pressure to reduce carbon emissions as well as regulations of traffic for socioeconomic reasons add to the challenges that logistics are facing. But changing demographics also lead to reduced labor availability as well as increasing ergonomic requirements that arise as the workforce age increases.
Customer expectations are growing at the same time: the online trend of the last few years has led to increasing service expectations.
There is also further customization that drives the strong growth of and constant changes product suppliers. The online-enabled transparency and easy access to a multitude of options regarding where to shop and what to buy drives the competition of supply chains. To be able to hold up these trends and meet the constant change requirements, supply chains need to become faster, efficient and much more flexible. Logistics will take a huge step change through better connectivity, manufacturing, advanced automation and better service.
For a US buyer or business owner, the digitization of supplier selection presents several interesting benefits. For example, according to a McKinsey study, companies that adopt digital technologies in their sourcing processes can reduce operating costs by up to 20% and improve efficiency by 30%. In addition, access to a global network of certified suppliers allows companies to negotiate better terms and conditions, which can translate into significant savings and greater adaptability to market fluctuations. Using platforms such as Bainub not only modernizes the supplier selection process, but also positions companies at a competitive advantage by leveraging the best of digital technology.
