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How to measure and reward the suppliers’ value contribution?

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Question added by Tushar kulkarni , Head Of Purchase , SHANDONG BINANI RONGAN CEMENT CO. LTD
Date Posted: 2014/08/27
Haseeb Khalid
by Haseeb Khalid , Sales and Promotion Manager. , Medi Urge

Recognition of supplier Through reward is very important but prior to that you have to measure their performance by supplier performance measure system. System can be based on cost, quality and time management. you can reward supplier through annual dinner by awarding them certificates and gifts or you can develop performance related payment system. Your supplier ll strive hard to compete in case of performance review system.

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