Upon completion of this chapter, the reader should be able to:
8.1 State the reasons a corporation may decide to outsource production.
8.2 Identify sources businesses can use to make informed supplier decisions.
8.3 Explain the importance of a strategic match between the buyer and supplier.
8.4 Discuss the need for efficient supply chain management relationships.
8.5 Describe the approach to a supplier relationship management program.
8.6 Explain how to implement a supplier development program.
8.7 Explain how to implement a supplier evaluation program.
8.8 State the factors that should be considered when determining the number of suppliers to work with.
8.9 Compare how different industries select and evaluate suppliers.