leaders with their products in the fields of technology, quality, logistics and sourcing. Only suppliers that fulfill these criteria are taken into consideration for long-term cooperation, new contracts or development partnerships. The selection of partners is with a long- term view in mind. The key strategy for sourcing is based on a system of control that includes the selection, classification, assessment and development of suppliers. Each element is a multistage process – for example the selection of suppliers can be broken down into the stages of preselection, risk analysis, pro- duction feasibility analysis and bid eval- uation. One particularly important pro- cess is the assessment of suppliers and this is a permanently ongoing process. Key process ‘supplier assessment

Join for free to read