Supplier development describes a structured program to improve the capability of suppliers. Buyers may seek to improve capability by sharing ideas with their suppliers, by seconding staff, by advancing funds for investment, or by working collaboratively to jointly develop new processes. Supplier development is resource intensive and usually focuses on key long-term suppliers with whom cooperation is appropriate. The logic is that, through developing the supplier’s capability, both parties will share in the benefits of better performance, better quality, shorter cycle times and/or lower costs.
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With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and procurement consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
