Effective Supplier Development in the Achievement of Cooperate Goal

¹Makafui R. Agboyi, ²Dr. David Ackah PhD, & ³Emmanuel Kwame Ackah

¹Accra Polytechnic, ²Golden Sunbeam International College of Science & Technology, ³Kwame University of Science & Technology

Abstract

Studies have shown that the declining competitiveness of Ghanaian firms is related to lower investment than foreign rivals in intangible investments such as effective supplier development, and also showed that some of the companies fail in effective supplier development efforts. Since supplier development is not successful every time when undertaken.  It is essential to examine supplier development factors which can impact the success of supplier development. This project work examines aspects associated with the success of effective supplier development strategies within the industrial sector. The purpose of the study is to determine what factors are required to make supplier development a success. Furthermore, it shows that some factors have more significant influence than others on effective supplier development. Data from the population of buyers was collected to test the extent of the relationship between significant factors and success if the effective supplier development process. Agreement was noted between dependencies of success of development process on several factors. Recommendations to supply managers and purchasing managers are provided regarding upper management involvement, enhanced communication with suppliers, recognitions of the suppliers and development of strategic processing instead of reactive processing

 Keyword: Supplier Development, Managing Suppliers, Securing Supplier Development

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