Your company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question How do you identify and evaluate potential new suppliers to ensure they align with your company's strategic goals and quality standards?
Your company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question How do you identify and evaluate potential new suppliers to ensure they align with your company's strategic goals and quality standards?
Purchasing and Supply Chain Management
6th Edition
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
ChapterC: Cases
Section: Chapter Questions
Problem 3.8A
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Question
Your company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers.
Question
- How do you identify and evaluate potential new suppliers to ensure they align with your company's strategic goals and quality standards?
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