As firms seek to improve the products they offer to the market,companies are seeking help from their suppliers in new product design and development through:
A)Supplier certification programs
B)Manufacturer certification programs
C)Early supplier involvement
D)Total Cost of Ownership initiatives

Question

Quizplus · Accepted Answer

Early supplier involvement is the process of involving suppliers in the design process of a product at an early stage. This allows for suppliers to contribute their expertise and knowledge, which can lead to more innovative and cost-effective designs. It also helps to improve communication and collaboration between suppliers and original equipment manufacturers, ultimately resulting in a better quality product for the market. Supplier certification programs, manufacturer certification programs, and total cost of ownership initiatives are all important strategies for supplier management, but they do not specifically address the need for early supplier involvement in new product design and development.

As Firms Seek to Improve the Products They Offer to the Market,companies