Understanding GM Supplier Discounts: A Financial Equation for Procurement
GM supplier discount is a crucial concept in the automotive industry, representing a financial agreement between General Motors (GM) and its suppliers. It determines the price reduction a supplier receives on parts or services provided to GM. This discount plays a pivotal role in optimizing procurement costs, maintaining supplier relationships, and ensuring profitability. Historically, GM supplier discounts have evolved to align with industry best practices and reflect changes in the automotive landscape.