CHAPTER 8
Vendor Development/Management
8.1 DEVELOPMENT
A person is known by the company he/she keeps.
Commercially, our success depends on our business associates—vendors.
We must get the right vendor. How do we go about it?
A good supplier/vendor delivers materials of the correct specifications on the stipulated delivery dates. He is ethical in his behaviour, stands by his promises and has high regard for good buyer-vendor relationships. He is progressive in his business and seeks technological advancement in improving the quality of the product he supplies. His price is reasonable. In short, he can be wholly relied upon.
If a vendor cannot be relied upon, one can imagine the problems for the purchaser. If his material is rejected on inspection ...
Get Supply Chain Management in Pharmaceutical Industry by Pearson now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
