Starting from the time a quote is taken through when material is rolled into production, managing supplier quality, cost, and delivery is imperative in running a successful business.
There are five key supply management goals:
1.Meeting the business objectives with a focused sourcing strategy
2.To buy at the best price while meeting the required specifications
3.Ensuring that the right material is at the right place at the right time, with factory-fresh quality
4.To receive a material forecast to manage inventory in line with strategic objectives and budget
5.To continuously develop the sourcing team to meet existing and future requirements.
The goals are accomplished by maintaining a list of available, qualified suppliers; ...
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