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Supplier Development
March 21, 2012 11:39
The following are the steps involved in supplier development. 1. Identify the critical product in the firm for development The product functions and benefits to the end use must be identified in order to ensure that the need quality is achieved to avoid disappointments and phase-out competition. 2. Identify critical suppliers Once the quality and quantity specifications are outlined, it is imperative to identify the supplier whom will deliver as scheduled and the quality and quantity desired. New suppliers should also be identified to ensure that the firm acquires the products and services at the best competitive price. 3. Appraise Supplier Performance This should be undertaken to ensure that the suppliers maintain their quality deliverance and flag-out those supplies tha...
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