Discuss the logic behind maintaining a reduced number of suppliers for each item.
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Discuss the logic behind maintaining a reduced number of suppliers for each item.
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- Why should the time required to assess and pick suppliers be reduced?Foreign vendors are added to a company's supply chain for a variety of reasons. However, the fundamental motivation for utilising an international provider is because that source is thought to offer better value than a domestic supplier. Explain ANY FOUR reasons for global sourcing and make reference to the attachmentH.B. Fuller Corporation illustrates how first-hand information gained through supplier visits plays a large part in narrowing the supply base. Latin America sourcing manager Roy Calderón of H.B. Fuller narrows down his list of suppliers by obtaining first-hand information. Whenever possible, that means touring supplier plants and interacting with the supplier’s staff. “I have a technical and manufacturing background, so I first try to understand the logistical and manufacturing capabilities of a supplier, as well as their quality assurance process and systems,” says Calderón. What he sees at a supplier’s plant helps him determine how much H.B. Fuller, headquartered in St. Paul, MN, can expect from that supplier in the way of consistent quality. Calderón scrutinizes the plant’s infrastructure as well as its production staff. “Morale and work environment is hard to put into hard numbers or dollars, but it needs to be part of a supplier’s intelligence profile,” he says. Though he…
- Traditionally, buyer-supplier relationships were considered as adversarial, arms-length transactions, where both parties are acting in their own self-interest. However, this relationship is moving towards a more collaborative approach. Explain why and how a traditionally adversarial relationship with suppliers changes when a firm makes a decision to move to a few suppliers?Describe what are the added criteria in choosing a supplier partner ?Describe how easy is it to switch suppliers and what could complicate a firm's ability to switch to a new supplier ?