Managing the relationships and performance of the suppliers

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For Managing the relationships and performance of the suppliers, below are some examples of the supplier management. Please expand more about each point.

- Supplier audits for ensuring that supplier is doing right approaches for quality production.

- Supplier capacity assessments so that people can ensure that supplier is capable for business needs or not.

- Supplier financial position helps in assessment of longer survival probability of the business.

- Assessment of supplier’s growth path and success rate to ensure that how long the supplier will be able to support the organization.

Reference no: EM132172549

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