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Managing Suppliers

In: Supply Chain Transformation

Author

Listed:
  • Amiya K. Chakravarty

    (DM School of Business Northeastern University)

Abstract

Supplier management involves multiple partners in the supply chain with evolving expertise. Suppliers are the source of components, raw material, finished products, services and, more importantly, new knowledge creation. They can help companies in improving supply chain performance in cost, quality, revenues, responsiveness, and reliability. However, not all suppliers are equally capable in all performance dimensions, and individual suppliers decide what capabilities they would build, given changing customers’ needs. The buyer, in turn, must build a portfolio of suppliers that maximizes the fit between what it needs and what the suppliers can provide – a dynamic supply network.

Suggested Citation

  • Amiya K. Chakravarty, 2014. "Managing Suppliers," Springer Texts in Business and Economics, in: Supply Chain Transformation, edition 127, chapter 4, pages 89-128, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-41911-9_4
    DOI: 10.1007/978-3-642-41911-9_4
    as

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