A Framework For Developing And Understanding Supplier Costs

Author(s):

Douglas L. Morey, A.P.P.
Douglas L. Morey, A.P.P., MBA Student, Iowa State University, Ames, IA 50010, 515-268-9126, douglasmorey@hotmail.com
Dr. Russell Morey, C.P.M.
Dr. Russell Morey, C.P.M., Professor of SCM, Western Illinois University, Macomb, IL 61455, 309-298-1440, RW-Morey@wiu.edu

87th Annual International Conference Proceedings - 2002 - San Francisco, CA

Abstract

Organizations have become increasingly aware of the need to understand supplier costs. The following identifies two issues that affect the ability of a company to collect and utilize supplier cost information. In addition, a framework and methodology is presented as a guide to understanding supplier costs which has proven to be successful during the past twenty-five years.