To explain: The reason why a buyer must be concerned with the monitoring and management of the supplier quality performance.
Supplier
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.
Want to see more full solutions like this?
Chapter 8 Solutions
Purchasing and Supply Chain Management
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.