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The Value Supplier Approach
e key to managing a business successfully is that you have a strong cus-
tomer base and a stronger supplier base. So how do you decide if a supplier
is good and trustworthy? e ideal supplier would be one who meets the
following standards:
• Delivers material that is defect free and needs no inspection
• Delivers on time
• Makes frequent deliveries without penalties
• Requires a minimum of paperwork
• Responds quickly to product or information needs
• Is agile and exible in responding to changing business conditions
• Oers technical assistance and ideas to improve products
• Charges a fair and reasonable p