Supplier development refers to
A)the deliberate effort by suppliers to build relationships that shape buyers' products, services, and capabilities to fit both the buyer's and seller's needs, as well as the needs of the ultimate consumer.
B)the practice of dividing up large orders amongst a number of suppliers rather than only one, to avoid possible delays due to environmental forces such as bad weather, plant mishaps, union issues, etc.
C)the practice of establishing a close relationship with one supplier rather than many to insure loyalty and preferred treatment when filling exceptionally large orders.
D)the deliberate effort by organizational buyers to build relationships that shape suppliers' products, services, and capabilities to fit a buyer's needs and those of its customers.
E)the shift of a firm from that of supplier to manufacturer when repeated experience with a product and excellent buyer/seller relationships make the shift both more feasible and profitable.

Question

Quizplus · Accepted Answer

Supplier development refers to the effort made by organizations to build relationships with their suppliers and shape their products, services, and capabilities to match the buyer's needs and those of its customers. It involves activities such as providing training and technical assistance, sharing information and expertise, and offering incentives to improve quality, reliability, and performance. The purpose of supplier development is to enhance the supplier's ability to meet the buyer's requirements, improve supply chain efficiency, reduce costs, and create long-term partnerships based on mutual trust and loyalty. Option D best describes the definition of supplier development.

Supplier Development Refers to