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Supplier Development


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Supplier development describes a structured program to improve the capability of suppliers.  Buyers may seek to improve capability by sharing ideas with their suppliers, by seconding staff, by advancing funds for investment, or by working collaboratively to jointly develop new processes.  Supplier development is resource intensive and usually focuses on key long-term suppliers with whom cooperation is appropriate.  The logic is that, through developing the supplier’s capability, both parties will share in the benefits of better performance, better quality, shorter cycle times and/or lower costs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 10 Mar 2023
Global manufacturing output returns to growth as supply chain constraints ease and mainland China reopens
   Source: J.P.Morgan Global Manufacturing PMI   -  IHS Markit



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