Strategies for Rewarding Your Best Suppliers in a Dynamic Supply Chain

Author(s):

Modeland, C.P.M. CPIM, Susan K.
Susan K. Modeland, C.P.M. CPIM, Supplier Support Manager, Goodrich Engine Components, 515/271-7287, susan.modeland@goodrich.com
Van Dyke, Gerry L.
Gerry L. Van Dyke, Strategic Supply Manager, Vermeer Corporation, 641/621-7818, gvandyke@vermeer.com
Kemp, Ph.D., C.P.M., Robert A.
Robert A. Kemp, Ph.D., C.P.M. President, Kemp Enterprises, 515/221-2503, kempr@mchsi.com

93rd Annual International Conference Proceedings - 2008 - St. Louis, MO

Abstract

The dynamic changes envisioned for tomorrow's business world demand new and dynamic strategies to meet supply management's strategic responsibilities and roles. Effective supplier development and management can contribute strategic competitive advantage in cost, quality and innovation. This paper discusses the seven-strategically important supply management processes that require adaptation and improvement in the coming decade.