Question: (a) (b) *Supplier development' can be defined as an activity that a buying firm spends their own resources to help suppliers improve without expecting
(a) (b) *Supplier development' can be defined as an activity that a buying firm spends their own resources to help suppliers improve without expecting anything in return. Despite the apparent noble intention of the buying firms, supplier development' often achieves 'less than expected' success. Discuss the causes that supplier development often turns into a failure. In your answer, you must also suggest how to overcome such barriers. Value engineering or value analysis is a very important tool for procurement to reduce cost. Analyse how value engineering or value analysis can help procurement to reduce cost.
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