Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Question
Critique the concept of supplier development by highlighting five supplier development activities that Mosetsana Pads could embark on. Use practical examples to substantiate.
1. Sharing essential knowledge
2. Sharing skills
3. Sharing experience
4. Optimal investments
5. Direct involvement in supplier activities
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- The important elements that characterise the most successful efforts at integrating suppliers in new product development and explain how these factors contribute to successarrow_forwardName three reasons to choose a sole supplier?arrow_forwardDescribe how an organization could use the 7-step supplier selection process to identify and manage new suppliersarrow_forward
- Discuss why top-level management engagement is critical to supplier management and growth performance.arrow_forwardExplain the reasons that Mosetsana Pads can provide for engaging in supplier development. Use practical examples relating to their business to substantiate. Reasons : To improve supplier capabilities and enable them to provide better quality and timely delivery • To work towards the reduction of cost for both parties • To work toward gearing the supplier to be able to supply to the buying organisation in line with innovation in sourcing, the buyer's procurement targets and sustainable development objectives • To increase the supplier's profitability as an extension of the benefits delivered to their customers (buying organisation)arrow_forwardExplain supplier selection strategies with examples?arrow_forward
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