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What is Understanding Supplier Management about?

Supplier management is a strategic activity within procurement that focuses on rationalizing the supplier base through selecting, coordinating, evaluating, and developing current and potential suppliers. It aims to build long-term collaborative relationships. Key activities include sourcing suppliers globally, early supplier involvement, negotiating contracts, monitoring performance, and managing supplier relationships. Supplier management is more strategic than purchasing, which focuses on transactional ac

Author

Wbeiman Calvache

Language

EN