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Homework answers / question archive / Discuss the reasons why top-management commitment is essential to the success of supplier management and development

Discuss the reasons why top-management commitment is essential to the success of supplier management and development

Management

Discuss the reasons why top-management commitment is essential to the success of supplier management and development.

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The top management commitment is essential in supplier management and improvement because the superiors make important decisions in an organization of the company having in-depth knowledge about the objectives, policies, and plans of the firm. They have a clear understanding of the firm requirement and also analyze the future performance of the firm based on which the supplier management decision is made. Also, these superiors have a vast knowledge of maintaining relationships with different natures of suppliers.