Supplier management

Due to performance reduction and global acquisition markets, the type of formulation for the supplier management has changed fundamentally. The supplier management has to be seen as an optimization of the relationship between customer and supplier along the added value chain.

With this it occurs in many companies that not the full five phases of supplier management process are performed ( designing suppliers basis, supplier rating, supplier development and support, supplier integration as well as supplier auditing).

Supplier management includes functions such as: extending supplier portfolios, control the relationship between customer and supplier systematically and develop the suppliers as well as integrate them. Therefore sourcing strategies can be selectively diverted.