BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

Solutions

Chapter
Section
Chapter 8, Problem 1DQ
Textbook Problem

Why should a buyer be concerned with monitoring and managing supplier quality performance?

Expert Solution
Summary Introduction

To explain: The reason why a buyer must be concerned with the monitoring and management of the supplier quality performance.

Supplier quality management:

It is the system which the quality of the suppliers is managed by following a proactive and collaborative approach. It is a catalyst for management to handle costs and ensure quality in the suppliers.

Explanation of Solution

A buyer must continuously analyze and evaluate the performance of the suppliers as it is one of the vital aspects that determines the success of the organization. The constant monitoring will help the buyer to identify possible lapses in the supplier side which could be detrimental.

It is important to maintain a good relationship with the stakeholders of a business such as customers, buyers, seller, and others. Supplier performance plays a vital role in satisfying the requirements of the stakeholders. Hence, to ensure efficiency and success a buyer must be concerned with the monitoring and management of supplier quality performance.

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