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Purchasing and Supply Chain Manage...

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

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Chapter
Section
BuyFindarrow_forward

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
Chapter 8, Problem 8DQ
Textbook Problem
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Discuss the benefits to a buying company of certifying its suppliers. Describe the benefits to a supplier of being certified—to the buyer and to the supplier.

Summary Introduction

To explain: The benefits of certifying suppliers from the buyer and supplier perspective.

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

Benefits of certifying suppliers from the buyer and supplier perspective:

A buyer certifies a supplier as a means to reward the supplier for the excellence they provide. The certification will allow the supplier to land in more business contracts. The certification will allow a supplier to continue in the quest to maintain continuous improvement and responsiveness...

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