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rthrop Grumman Corporation167。Continuous Review Process Based on Performance Measures Reflecting Total Cost of Ownership Must Be in Place to Provide Ongoing Monitoring of the Supplier39。s Effectiveness–“Platinum Source” Case StudyKey Success Factors – Supplier Relationship Management11Copyright 2023 Northrop Grumman CorporationKey Success Factors – Supplier Relationship Management, Platinum Source12Copyright 2023 Northrop Grumman CorporationKey Success Factors – Supplier Benefits13Copyright 2023 Northrop Grumman CorporationKey Success Factors – Supplier Relationship Management167。Suppliers / Contractors Are Selected Strategically, with a LongTerm Focus, Rather Than Historic ShortTerm, TransactionBased. Organization Must Commit the Resources to Develop Mutually Beneficial Relationship. Demands on Suppliers Requiring Capital Investments Necessitates the Sharing of Plans and Schedules167。Utilize Suppliers As a Knowledge Source and Share Benefits of Expanding Into New Markets, Assessing ValueBased Opportunities, Discovering New Cost Savings, and Extending Current Functionalities14Copyright 2023 Northrop Grumman CorporationKey Success Factors – Supplier Relationship Management (Cont)167。Involve Key Suppliers in LongTerm Strategic Alliances, Where Specific Capabilities May Need to Be Developed. MWBEs May Be a Good Source for This. Align Suppliers, IRD to Technology Maps15Copyright 2023 Northrop Grumman Corporation Business Partners WorldEnterprise GroupSAP R/3 Business WarehouseOrder Entry, ILS, CSFinancialsHRFulfillment...EProcurementStrategic Enterprise ManagementPortal.....Extending Scope (New Dimensions AddOns) COLLABORATIONInterExtraIntraENTERPRISEKnowledgeWarehouseSupplier Relatio