Supplier Development

Supplier development is the act of the buying organization working closely with a supplier, or group of suppliers, to drive improvement.  

Supplier development targets goals initially laid out by the buyer and delivering advantages for the buying organization. In most cases, however, both parties receive a level of benefit from the collaboration.

Despite this simple introduction, supplier development can be a complex process requiring clear expectations and demanding both commitment and expertise to deliver improvement aligned to the buying organization’s goals.

In this article, we’ll be looking in detail at Supplier Development; we’ll be covering:

What is Supplier Development Why is Supplier Development important? Supplier Development Process Who is involved in supplier development? What are the challenges in supplier development? What are the benefits of supplier development

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