Asked by
Lailani Idusora
on Oct 27, 2024Verified
Supplier development initiatives may be focused on (1)persuading an existing supplier to expand into new areas that meet the needs of the buying organization,and (2)locating a new,untried/unknown company and identifying potential areas of business.
Supplier Development
The process of working with suppliers to improve their performance and capabilities for mutual benefit.
Buying Organization
An entity that purchases goods and services for its use, which can include businesses, government bodies, institutions, and non-profits.
- Recognize the importance and scope of supplier development initiatives.
Verified Answer
KS
Learning Objectives
- Recognize the importance and scope of supplier development initiatives.