Reference no: EM13244338

QUESTION: Various specialists to ensure all procurement needs are met. In line with your debate, involving suppliers as those specialists in related area of procurement at the product conceptualization stage, which is referred to as "early supplier involvement, or ESI", may perhaps important to make certain all procurement and product requirements will be met. In spite of the possible benefits from ESI for clients, you cannot assume all this sort of interactions will result in rewarding for suppliers.

Accordingly, ESI may relate to the degree a supplier is inclined to expend and share the information, sources and techniques to operating thoroughly with a key purchaser during the early stages of the product/project development (LaBahn and Krapfel, 2000).

Therefore, some risks probably associated with ESI for both parties as well as some risk mitigation for the project/product development as a whole. I'd like to have your discussions on pros and cons (opportunities and threat) of ESI in the process of product/project conceptualization development.