Question: Quality Control: Ensuring the product meets set standards and has minimal defects is crucial. A lower defect rate means fewer returns, fewer reworks, and higher
Quality Control: Ensuring the product meets set standards and has minimal defects is crucial. A lower defect rate means fewer returns, fewer reworks, and higher customer satisfaction.
Supplier Reliability: Reliable suppliers ensure you have stock when needed, which prevents stockouts, backorders, and potential lost sales. A high ontime delivery rate means the supplier is dependable.
Flexibility: A supplier's ability to adjust to changing demands can be invaluable, especially in fluctuating markets. A quick response time indicates good flexibility.
Supplier Relationship: A good working relationship can lead to better negotiations, understanding, and longterm collaborations. A high supplier responsiveness score indicates a positive relationship.
Geographical Proximity: Suppliers located closer can often deliver faster and may have lower transportation costs. A shorter average lead time and lower transportation cost are advantageous.
Sustainability and Ethical Practices: Ethical and sustainable practices are becoming increasingly important for corporate responsibility and customer perception. A high sustainability and ethics score indicates a supplier's commitment to these values.
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