Templates
Vendor Management
Supplier Development Process
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Supplier Development Process

Explore our comprehensive Supplier Development Process, covering every step from identifying potential suppliers to contract renewal for optimum performance.
1
Identify potential suppliers
2
Research about potential suppliers
3
Assess supplier's capacity and capability
4
Approval: Manager to approve potential suppliers list
5
Contact suppliers for quotation
6
Evaluate suppliers' quotations
7
Arrange meeting with potential suppliers
8
Discuss requirements with potential suppliers
9
Negotiate contract terms with suppliers
10
Approval: Contract terms
11
Draft supplier contract
12
Review supplier contract with legal department
13
Approval: Legal Department to approve contract
14
Sign contract with supplier
15
Implement supplier partnership
16
Monitor supplier performance
17
Gather feedback on supplier performance
18
Provide feedback to supplier
19
Review and renew supplier contract
20
Approval: Contract renewal