Supplier development is the process of working with certain suppliers on a one-to-one basis to improve their performance for the benefit of the buying organisation. It is closely associated with supplier relationship management and partnering.
Supplier Development is a proactive & reactive business process that aims to increase the performance. and/or capabilities of the supplier and meet companies' short- and/or long-term supply needs.
Supplier development is a long-term collaborative effort between suppliers and the buying organization to generate new competencies in suppliers. Both parties can gain benefits from this development program but there are also many challenges faced by the buyer.
