What are tactics to effectively qualify suppliers in an emerging market? Streamline supplier qualification efforts by running a standard litmus test to differentiate suppliers based on their level of sophistication. Focus qualification of less advanced suppliers on financial and operational performance filters, as opposed to supplier quotes. Embed supplier development activities within the qualification process to boost suppliers’ understanding of business requirements.
Gauge Supplier Sophistication
Use Distinct Qualification Filters for Less Sophisticated Suppliers
Embed Supplier Development in the Qualification Process
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