supplier management
[/səˈplaɪər ˈmænɪdʒmənt/]
noun
gestão de fornecedores
1. The process of overseeing and controlling relationships with vendors and suppliers to ensure quality, cost-effectiveness, and timely delivery of goods and services
Effective supplier management is crucial for reducing operational costs and maintaining product quality.
A gestão eficaz de fornecedores é crucial para reduzir custos operacionais e manter a qualidade dos produtos.
2. The strategic coordination of supplier activities including selection, evaluation, negotiation, and performance monitoring
Our company implemented a new supplier management system to streamline procurement processes.
Nossa empresa implementou um novo sistema de gestão de fornecedores para otimizar os processos de compras.
In Brazil, supplier management has become increasingly important as businesses emphasize efficiency and cost control. The practice is particularly relevant in manufacturing hubs like São Paulo and the ABC region. In the USA, supplier management is a critical component of corporate strategy, with many Fortune 500 companies having dedicated procurement departments.
Related Idioms & Phrases
build long-term supplier relationships
diversify the supplier base
maintain supplier compliance
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