Question

What is need of Supplier Selection? Explain the process of key Supplier selection.

Answer 1

The complexities of today’s products seem to be rising analogously with the complexities of supply chains. Just consider the intricate web of suppliers required to make a product like an airplane, a number that easily extends into the thousands. Whether it’s regarding supplier quality, compliance, or another area, managing that many suppliers can easily become overwhelming and disjointed. Advancements related to people and leadership, business processes, and technology architectures are helping to battle this.