Supplier relationships, supplier performance and supplier development are important elements of the supply chain life cycle, where supply chains are dynamic and where supply chain partners are constantly changing. Developing and honing these relationships is an integral part of every business’ supply chain management. But is supplier development always worth the effort? The answer is No, and a recent paper by Stephan Wagner tells you why. What Wagner means here is that supplier development activities must take into account at which stage or phase the relationship is, in order to be effective. Supplier development activities may even be counterproductive if forcefully applied too early or too late in the relationship.
>>> Diamonds are forever – suppliers are not >>>
Tags: stephan wagner, supplier development, supplier performance, supplier relationships
