Guide

Manage your suppliers

Introduction

Finding reliable and competitively priced suppliers is vital to the success of your business.

Your initial focus may well be on negotiating the right price and other elements of the purchase agreement. But in the longer term, strong supplier relationships and a collaborative approach can have more impact on the overall success of your supplier management.

This guide describes the best practices in supplier quality management. It looks at how to manage working relationships with your suppliers and review their performance, and explains how to negotiate strong service level agreements. Finally, it suggests some key considerations for terminating a supply contract.