A Comprehensive Supplier Development Framework for Enhanced Partnerships
Foster collaborative relationships between buying firms and their suppliers, driving mutual growth and enhancing competitiveness in the marketplace with our Supplier Development Framework.
Key Findings
53%
Working collaboratively with suppliers is a crucial focus: 53% rated this among their greatest opportunities for improving supply chain management.
40%
of supply chain companies identified late delivery as their biggest problem.
86%
Many supplier development programs fail to attain potential results because the company fails to tie buyer and supplier objectives together. Challenges such as supplier selection, communication gaps, and aligning objectives can hinder supply chain progress. A Supplier Development Framework emerges as a powerful approach to enhancing and optimizing supplier performance in response to the emerging need for supplier improvement.
Our whitepaper, A Comprehensive Supplier Development Framework for Enhanced Partnerships, discusses how a systematic approach to supplier development that include supplier evaluation, KPI-based rating, improvement strategies, and supplier recognition can help organizations enhance their supply chain efficiency across the metrics that matter most to their business, foster collaboration, and achieve mutual success.
What’s Inside
Key Findings
Supplier Selection, Ineffective Communication and Collaboration, Poor Visibility, and Supply Chain Disruptions.
Supplier Development Framework
Evaluating and Selecting Suppliers, Measuring Supplier Performance with KPIs, Formulating a Strategy to Resolve Challenges, and Implementing a Framework.
Benefits
Accelerating Time-to-Market, Reducing Sourcing Time, Improving Collaboration, and Increasing Responsiveness to Customer Needs.
This paper is essential for supply chain management professionals who want to help organizations improve their competitiveness in terms of quality, technology, cost, and time, which will benefit both the organization and the supplier.
Maximize Supply Chain Efficiency and Develop Strong Relationships: Download Our Comprehensive Supplier Development Framework for Enhanced Partnerships