How suppliers and customers work together using just in time.
Part two companies following the Justin dine system should pursue the one supplier by product objective
to assure a close relationship with the upstream partner.
You should help your suppliers make their production process efficient and deliver quality products.
Sometimes suppliers might need financial aid from buyers in such cases.
Companies should provide financial help to their vendors so that they can keep supplying materials without
interruption.
In one instance of the US Toyota blank Toyota almost built up the facilities of one supplier.
Your organization can facilitate some technology systems to exchange information such as material requests
changes in specifications date of delivery etc..
Electronic Data Interchange is an example of the technology that can be facilitated or financed to the
supplier.
Long term contracts with the suppliers serve a dual purpose.
It helps in avoiding paperwork searching for new builds and builds confidence in the relationship.
The selection of a supplier and the relationship with it is important for the success of a buyer.
In addition it is advantageous for both the parties for the customer it increases control over purchasing
activities eliminates inspection and reduces paperwork and for the supplier it increases the volume
of business and helps meetings schedules consistently because of the strong relationship between both
the companies.