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Discuss what are the reasons why top management commitment is essential to the success of supplier management and development
Discuss what are the reasons why top management commitment is essential to the success of supplier management and development.
Expert Solution
Top management has the ability to issue resources for supply chain vendors and the power to structure the plans and policies to focus on the fulfillment of the goals and strategies of the organization. In customer organization, the supply chain management depend upon the manufacturing,marketing,accounting and quality control. Top management maintains a proper supply management relationship. with their employees. Weak commitment will make productivity very low and it falls in the job deterioration. Commitment by the top management includes trust, supplier recognition, training and direct investment. The communication between the buyer and supplier helps in the way to success of the organization.
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