How to build a strong vendor management strategy for better supply chain performance
In today’s fast-paced business world, having a strong vendor management strategy is crucial for ensuring the success of your supply chain. Vendors play a significant role in the supply chain process, as they provide the goods and services needed to meet customer demand. In order to build a strong vendor management strategy, it is important to understand the key components of effective vendor management. This includes establishing clear communication channels, setting performance metrics, implementing vendor …
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