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Article: A model for strategic supplier selection.(for purchasing managers)
- Article from:
- Journal of Supply Chain Management
- Article date:
- January 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 National Association of Purchasing Management, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTRODUCTION
One of the critical challenges faced by purchasing managers is the selection of strategic partners that will furnish them with the necessary products, components, and materials in a timely and effective manner to help maintain a competitive advantage. Buyer-supplier relationships based solely on price are no longer acceptable for suppliers of critical materials or for organizations that wish to practice the latest innovations in supply chain management. Recent emphasis has also been on other important strategic and operational factors such as quality, delivery, and flexibility. Strategic relationships also play a vital role for the long-term ...