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Overcoming Key Challenges in Supplier Development

Supplier development is a long-term collaborative effort between suppliers and the buying organization to generate new competencies in suppliers. Both parties can gain benefits from this development program but there are also many challenges faced by the buyer.

Knowing Suppliers Beforehand

It is good to know your supplier beforehand, this will help to build a strong and long-term relationship. By going through your supplier current and past projects you can seek evidence of good performance and also ensure suppliers comply with the laws and regulations.

Track Record of Growth
Diagram created by Tan Sze Hwee Jacqueline, (2020)

Supplier Capability Assessment

Assessing supplier capabilities can help to recognize their base capabilities, efficiency and system gaps. Supplier management capability will give you an overview of supplier vision for the business and their future commitments.

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Tan Sze Hwee Jacqueline, DPSM
Tan Sze Hwee Jacqueline has several years of experience in the specialised field of procurement and logistics, specifically in the Oil & Gas Industry. She is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM). Jacqueline completed the Diploma in Procurement and Supply Management (DPSM) on September 2020 at SIPMM Institute.

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