Party supplier relationship management system


Assignment:

Question 1) Review the 5-S Guidelines provided in Chapter 8. Using your desktop, a coffee table, or other small area, attempt to "5-S" that area. In 200 to 250 words, discuss some of the challenges you faced when trying to implement 5-S and ways you overcame them.

Question 2) Read the Forbes article, "Risky Business, High Payoffs." Based on the content presented in the article, what is the value to the company and the supplier in developing and implementing a Third Party Supplier Relationship Management System (3 P.L.S.M.S.)? How can such a system provide greater efficiency? In 200-250 words, describe the value to the organization.

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Business Management: Party supplier relationship management system
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