Mutually beneficial supplier relationships
Principle 8: Mutually beneficial supplier relationships
1. Contents of Principle 8:
An organization and its suppliers are interdependent and a mutually beneficial relationship enhances the ability of both to create value.
2. Benefit of Mutually beneficial supplier relationships
• Optimization of costs and resources.
• Increased ability to create value for both parties.
• Flexibility and speed of joint responses to changing market or customer needs and expectations.
3. Process / Steps of Mutually beneficial supplier relationships
• Identify and select key suppliers.
• Establish supplier relationships that balance short-term gains with long-term considerations for the organization and society at large.
• Create clear and open communications.
• Initiate joint development and improvement of products and processes.
• Jointly establish a clear understanding of customers’ needs.
• Share information and future plans, and
• Recognize supplier improvements and achievements.
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This entry was posted
on Sunday, August 16th, 2009 at 12:33 pm and is filed under Principles of ISO 9001.
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