One reason for the growth of the supplier development concept is that achieving competitive advantage in the supply chain is predicated on purchasers adopting a more aggressive approach.

Question

Quizplus · Accepted Answer

This statement is true. As competition in global markets intensifies, purchasers must take an active role in developing their supplier base to gain a competitive advantage. Effective supplier development programs can reduce costs, improve quality, increase responsiveness, promote innovation, and enhance collaboration between suppliers and purchasers. Therefore, companies that want to stay ahead of the competition are adopting a more proactive and collaborative approach to managing their supply chain relationships.

One Reason for the Growth of the Supplier Development Concept