This is the fifth installment of our six-part series on common business challenges and the quality management system (QMS) tools that can help alleviate them. Here we’ll focus on the supplier management tool and why it is beneficial for both stakeholder and supplier.
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The challenge: No visibility into supplier processes
Organizations today need an efficient method of managing supplier relationships to ensure a high-quality product that truly reflects the stakeholder’s brand. Many of today’s business processes continue to be siloed—cut off from other processes throughout the organization, with no ability to communicate or collaborate. These siloed processes don’t just obstruct visibility within the organization; they also limit visibility into other critical outside processes, such as those belonging to suppliers.
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