Local Manufacturing Sector Response to Supplier Development

Supply Chain Management (SCM) is the oversight of materials, information and finances as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer. Supply chain strategy defines the connection and combination of activities and functions throughout the value chain, in order to fulfill the business value proposal to customers in a marketplace.

Supplier development is one such strategy that can help a manufacturing company reduce costs, streamline operations, and minimize defective products. Devising a supplier development program can positively impact an organization’s business.

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