33:799:301 Study Guide - Quiz Guide: Iso 14000, Supplier Relationship Management

• School: Rutgers University
• Department: Supply Chain Management
• Course: 33:799:301
• Professor: A Taitt

Document Summary

An effective supplier recognition prgram may provide motivation, improve loyalty, encourage suppliers to adapt to the companys culture, create entry barriers for competitors and encourage suppliers to participate in product innovation. A robust and long lasting supplier partnership requires that both the buyer and the supplier adopt a strong tactical perspective. Benefits of implementing an effective supplier certification program include all of the following. Iso 14000 is a widely accepted quality certification standard. The best supplier candidated for supplier relationship management (srm) include all of the following except: Developmental suppliers that need to make improvements. Award-winning suppliers serve as role models for other suppliers and may, therefore be exempt from audits and certification programs. Successful supplier relationships involve equal decison making control between both the buyer and the supplier.