New products are also a key to our growth, and as a supplier, we require you to continuously provide new product ideas or promotional pricing to Newell Rubbermaid. New product ideas and concepts are critical to collectively growing our organizations in a sustainable and profitable manner.
Our goal as a corporation is to cultivate key suppliers for more than 80 percent of our total spend.
Key suppliers will be syndicated as preferred suppliers across our global business units (GBUs). Those suppliers achieving this designation could be supporting many of our GBU business requirements and thus enjoy significant potential growth as a result.
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