Bonding Improves Supply Chain Productivity

Abstract

Bajrang Energy Systems Ltd, the manufacturers of Thermal Plant equipment and accessories, believe that an increased belongingness in the minds of suppliers will improve product quality and a successful supply rate. They planned 2 initiatives which they believed will derive more support and teamwork from suppliers in the long run. First one is conducting a Supplier Development Program (SDP) for suppliers from whom they expect more cooperation, and they call them sub-optimal suppliers. Through this they intend to improve the trust and service of other suppliers as well. Second one is conducting a SRM (Supplier relationship management) program which is nothing but a series of events promoting loyalty and pride of association executed with one selected supplier and thus demonstrating the need of strengthening the relationships to all suppliers. They are sure that a logical selection of participants and the professional conduct of these programs will satisfy the objectives like team productivity and continuous mutual growth. They decide to select suppliers and go ahead with these initiatives.