Provide reasons why most firms do not have an adequate supplier measurement system

why most firms do not have an adequate supplier measurement system

provide reasons why most firms do not have an adequate supplier measurement system. Firms do not have an adequate supplier measurement system because of some reasons below:-it increases overall operation time for the company-it difficult for the company to include all the criteria’s required to judge a particular supplier in one system.-it is a costlier and time-consuming system to be included in the business-supplier measurement system uses company’s resources in a non-core activity which can otherwise be used for core business activities.3, Why is it critical to have a smaller supply base before committing to a supplier management and development program-it is necessary for an organization to have a smaller supplier base because it allows them to concentrate on optimizing their supplier system and improve the overall quality. In addition, it also helps them to build a closer association with qualified suppliers.7, What is a full-service supplier? What are the benefits of using the full-service supplier? A supplier who is capable of providing a wide range of activities including access to design, research, and development, supplier’s engineering, testing, etc.. is called a full-service supplier. They are often large-scale and offer a value-added service.

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