Supply Chain Solutions No.46 – Explain the Development and Production Process to know gaps in the Vendor Process
There are three core business models sourcing products. Buying organisations need to define what their business model is and how their process operates, never expect the vendor will understand your business model and process.
In small or large international organisations, it is important to define a single contact window which is responsible for Supplier Management.
Sourcing and on boarding new suppliers is a process that needs to be systematic to ensure all requirements exist to be able to deliver all key business deliverables and future business success.
Why doesn’t this Chinese supplier listen to what I said or follow the instruction sheet?
Strategic sourcing is the continual improvement and re-evaluation of your vendor matrix. The vendor matrix defines a group of vendors capable of meeting business procurement objectives across category spend, capacity, quality, and sustainability.
This document serves as an MOU IP agreement example for any business engaging a Chinese entity in a development project for consumer goods. The MOU sets the tone for sharing IP under one product and the rights of each party.
Do you only evaluate the seller shipping or delivering the goods to your door or do you manage the full supply chain to reduce risk and build brand integrity?
Supply Chain Solutions No.22 – Shared vision, value driven attitude and adaptable, does that equal the perfect Supplier?
There are the different reason why sourcing activities need to take place, be it market research, business growth and capacity expansion, market risk and diversification or replacement of existing underperforming vendors.