Criteria for a supplier selection.
Monitor the supplier performance; this
is criteria for a supplier selection.
Make sure they have a direct contact point at your company and conduct regular
performance reviews. This will help you keep tabs on their work and make sure
they’re fulfilling their end of the agreement. These reviews will also help you
when it comes time to talk about contract renewal, so you know where you stand.
By doing this
will enable to successfully select suppliers who can support your business
requirements by delivering the appropriate goods and services you need on time
and within budget. This will help you improve your productivity and ensure you
produce quality goods/services.
Generally,
selection of the supplier is the most important in any business to achieve the
business goals; therefore it is priority for any company for a company to
choose the best suppliers regarding the two ways symmetrical that will make mutual
beneficial between the suppliers and the business company.
WRITTEN BY SANDULI NEEMA R.
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