Description: Supplier management is the process of managing relationships with suppliers, which includes the selection, evaluation, and monitoring of them to ensure they meet the quality and service standards required by the organization. This process is fundamental for optimizing the supply chain, reducing costs, and improving operational efficiency. Supplier management involves establishing clear criteria for supplier selection, maintaining effective communication, and developing long-term collaborative relationships. Additionally, it includes the continuous evaluation of supplier performance, risk management, and the implementation of continuous improvement strategies. In an increasingly competitive business environment, supplier management has become a key element for success, as a good relationship with suppliers can translate into significant competitive advantages, such as access to innovations, better prices, and more favorable delivery conditions. Digitalization and the use of advanced technologies, such as artificial intelligence and automation, have transformed supplier management, allowing for greater visibility and control over the supply chain.
