Supplier Development Goals from Procurement Lexicon

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Click here to download Procurement Lexicon, https://blog.fhyzics.net/procurement-... • Supplier Development Goals are specific, measurable, and achievable objectives set by a buying organization to guide its efforts in improving the capabilities and performance of its suppliers. These goals are a critical component of supplier development initiatives and serve as a roadmap for enhancing supplier relationships. The goals can cover various aspects, including quality improvement, cost reduction, on-time delivery, innovation, and sustainability. By establishing clear supplier development goals, organizations can align their efforts with strategic priorities and create a structured approach for supplier improvement.

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