The Role of Vendor Management in Supply Chain Optimization
The manufacturing industry places great importance on vendor management because of its direct effect on the supply chain. The cost, quality, and timeliness of its vendors' products greatly impact a manufacturing company's operations, profitability, and customer satisfaction. However, before that, your organization should have contractual agreement for vendors in Saudi Arabia so that you can work further. However, vendor management plays a huge role in the supply chain. In this article, we will get to know the role of vendor management in supply chain optimization in detail. So, let's start the topic. Essentiality of the Vendor Management in Supply Chain Optimization Quality assurance Carefully selecting suppliers according to their ability to fulfill quality requirements is necessary to ensure that materials and products live up to expectations and reduce returns and errors. Regularly assessing vendor performance with key performance indicators (KPIs) guarantees a stable