What Challenges Might Leaders Face in Supplier Development?
While supplier development offers numerous benefits, it also presents challenges, such as:
Cultural Differences: Navigating cultural and language barriers can be complex, especially with international suppliers. Resistance to Change: Suppliers may be resistant to changes in processes or standards. Resource Allocation: Developing suppliers requires time, effort, and financial investment. Risk Management: Ensuring that suppliers adhere to compliance and ethical standards can be challenging.