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Supplier Development,
Localization and
Industrialization (SDI)
Strategy Setting TemplateTemplate Identifier24043921804Rev6Document Identifier240148918142Rev3Effective Date01 September 2020Review Date
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What is supplier development?
Supplier development refers to the initiatives and processes undertaken by a company to improve the performance and capabilities of its suppliers, ensuring they meet the buyer's standards and requirements.
Who is required to file supplier development?
Companies engaged in procurement practices that involve significant supplier relationships are typically required to file supplier development reports.
How to fill out supplier development?
To fill out supplier development forms, a company must gather relevant data about supplier performance, improvements made, and goals achieved, then enter this information in the prescribed format as per industry guidelines.
What is the purpose of supplier development?
The purpose of supplier development is to enhance supply chain efficiency and reliability, reduce costs, foster innovation, and ensure compliance with quality standards.
What information must be reported on supplier development?
Information required for supplier development reports typically includes supplier performance metrics, improvement activities undertaken, timelines, and results achieved.
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