Supplier Partnership
Abstract
In recent years, in order to maintain pace with increased competition, outsourcing has become a way of life for many companies. Organizations are becoming more dependent on suppliers and a growing number of manufacturing firms have established supplier partnerships and supplier development programs. This chapter details several aspects and principles behind this strategy, the criteria for supplier selection and their performance rating.
Keywords
Make or buy decision; Geographic proximity; Subcontracting; Strategic partnership; Business dictionary; Kaizen Institute; Partnering elements; Long-term commitment; Mutual trust; Shared vision; Customer-supplier relationship; Supplier selection; Vendor rating; ...
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