Question

Supplier characteristics such as lead time, reliability, quality, and design capability that impact the total cost of doing business with a supplier should be considered during the process of

Answer 1

Supplier characteristics such as lead time, reliability, quality, and design capability that impact the total cost of doing business with a supplier should be considered during the process of supplier scoring and assessment.

• At every stage of the product lifecycle, suppliers play a crucial role.
• To get the most out of their products, businesses need to collaborate closely with their suppliers on everything from procuring raw materials to helping to scale up production and identifying better raw material possibilities as the market starts to get saturated.

To Measure Your Supplier Performance in 7 Simple Steps =

• Align performance goals.
• Choose evaluation approach.
• Develop information collection method.
• Design a robust assessment system.
• Roll out the system.
• Provide actionable feedback.
• Showcase results.

Why is supplier quality important?

• Dealing with fewer suppliers results in less fluctuation in crucial process inputs.
• If the suppliers have shown to be successful in controlling their output, there will be less need for regular monitoring of both the suppliers and the products.

Learn more about supplier scoring and assessment brainly.com/question/13870090

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