As relationships with suppliers become more trusted, reliable, and long-term in nature, early supplier involvement has become a popular strategy among firms. Explain THREE benefits gained from using this strategy
Other answers are possible.
1 . Reduce Costs ? operational costs, costs associated with defects, costs associated with downtime, standard parts, fewer parts, less expensive materials
2 . Improved Quality ? the sharing of information allows the best parts and processes to be designed and used in the manufacturing of the end item. Continuous improvement is practiced.
3 . Reduced New Product Development Time ? making changes to the developing process is made much easier when auction bidding parties stay involved
4 . Establishes a Level of Trust and Cooperation ? in this age of strategic alliances, establishing trust and cooperation early in the lifecycle product can pay dividends long into the future of the product's lifecycle
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