Some third-party vendors may provide you with goods, services, and many other supports. Would you be able to track everything manually? What is your strategy for effective supplier relationship management? If not, then what’s the solution? It’s simply following the supplier relationship management strategies. Why is effective Supplier Relationship Management so important? If with some strategic… Continue reading
In the supplier development literature, several researchers have recognised that strategic supplier development is important for the overall success of the firm and in turn contributes to a sustainable competitive edge and is considered one of the building blocks of supplier management practices. Authors like Wagner (2006a), Krause et al. (1998) suggested that it is… Continue reading
Many companies have started supplier development programme but it is mainly focused on strategic suppliers. In the last 25 years the number of Small and Medium Enterprises (SMEs) has increased by 50% and these are now responsible for more than half of all the jobs and contribute towards some 35% of gross domestic product (GDP);… Continue reading
The subject of supplier development activities, practices, and success factors is researched in 36 out of the 81 articles I have researched. Therefore this makes it the most frequently discussed subject in the topic of supplier development. Various types of supplier development activities and resources exist and are mentioned by many researchers, some of which… Continue reading
Why Focus of Supplier Quality & Supplier Development? Supplier Quality is responsible to track and improve our approved suppliers’ performance in terms of number of complaints, caused line stop/ escapes, DPPM (Defect parts per million). We value our suppliers and in the meantime challenge them to take responsibility and ownership in our effort to continuously… Continue reading
In the supply chain literature as well as in business environments Supplier Relationship Management and Buyer Supplier Relationship have multiple definitions, shapes and extensions. There are diverse interpretations, especially considering that the determinants and their perceptions changed throughout the time. Yet, due to the globalisation, economic and political turmoil, a stable and intense Supplier Relationship… Continue reading
Supplier Relationship Management can only occur if both sides obtain some gain from trade that occurs between the supply of goods or services and their exchange for money, is this a good enough reason for supplier relationship management? Probably yes because no one would trade with anyone else if both sides did not gain something… Continue reading
In order for firms to compete effectively and survive in the global market, they must maintain and build relationships with a capable and competent network of suppliers and extract maximum value through such relationships. To create and maintain such a network and to improve capabilities that are necessary for the buying organization to meet its… Continue reading
In my research I have found 14 papers that have discussed Supplier Development process as being either: direct; or indirect (Humphreys et al., 2004; Krause et al., 2000a; Modi and Mabert, 2007; Wagner 2006a; Wagner 2006b; Hines, 1994; Giunipero, 1990; Krause, 1997, Wagner, 2011; Inemek, 2011). Wagner (2006b) defines indirect Supplier Development process as when… Continue reading
JIT Purchasing different from Conventional Purchasing? Most of us have worked in both some sort of JIT purchasing (Just In Time purchasing) and conventional manufacturing business. However, in the lean environment, the supply chain process should be capable of supporting Just in Time manufacturing. Manufacturers and suppliers have to adopt an appropriate method of supply… Continue reading
is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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