Executive Briefings

Suppliers: Keep the Dinner, Give Me More Business

Procurement and supply organizations are stricter these days when monitoring the performance of their suppliers--even those who already have been certified as operating with excellent quality practices. And the best supplier partners are being rewarded but not necessarily through public recognition events.
A recent survey shows that 73 percent of the buying groups polled give extra business to their best suppliers while only 27 percent present formal awards to those top suppliers.
Source: Purchasing, http://www.purchasing.com

Procurement and supply organizations are stricter these days when monitoring the performance of their suppliers--even those who already have been certified as operating with excellent quality practices. And the best supplier partners are being rewarded but not necessarily through public recognition events.
A recent survey shows that 73 percent of the buying groups polled give extra business to their best suppliers while only 27 percent present formal awards to those top suppliers.
Source: Purchasing, http://www.purchasing.com