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5 key Supplier Relationship Management (SRM) issues to consider in emerging markets
1. Culture - understand culture issues and don’t assume anything. Change your thinking when working in other markets
2. Relationships - build long term relationships with suppliers and act with relationship in mind
3. Contract - don’t assume all parties will read the fine print and try to avoid legal terms. Avoid disputes and ensure contracts are clear to all parties involved
4. Qualification - implement supplier qualification process and make use of external agencies. Obtain the right expertise for the job
5. Contingency plans - develop contingency plans as on time delivery can sometimes be challenging. Communicate problems to key stakeholders
http://thesupplychainlab.wordpress.com/2009/01/05/5-key-supplier-relationship-management-srm-issues-to-consider-in-emerging-markets/
2. Relationships - build long term relationships with suppliers and act with relationship in mind
3. Contract - don’t assume all parties will read the fine print and try to avoid legal terms. Avoid disputes and ensure contracts are clear to all parties involved
4. Qualification - implement supplier qualification process and make use of external agencies. Obtain the right expertise for the job
5. Contingency plans - develop contingency plans as on time delivery can sometimes be challenging. Communicate problems to key stakeholders
http://thesupplychainlab.wordpress.com/2009/01/05/5-key-supplier-relationship-management-srm-issues-to-consider-in-emerging-markets/
Tags: emerging_markets, srm
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