Everyone is trying to save money by getting better prices from the suppliers which is not necessary a better deal. The author Seinfeld (2010) from Money watch, CBS News describes three important factors to consider when choosing vendors in addition to the price. Service is a very important factor for selecting supplier with a direct correlation between customer satisfaction scores and supplier scores. Service is very significant, given the product manufacturer highly dependent upon suppliers' services that are outsourced. Quality is another important aspect of vendor compliance factor adhering to the material specification and the product packaged and …show more content…
a) According to Boeing supplier (2015), the relationships, agility, integrity and competitiveness developed with suppliers are key aspect to Boeing to meet its customers' needs. Boeing recognizes best suppliers with the Supplier of the Year Award and differentiates them through close collaboration and a commitment to first time quality, on time delivery and affordability. b) Microsoft has a Microsoft Supplier Program (MSP) in which requirement and expectations are set in such a way MSP includes supplier of all kinds, the supplier who are best in the industry and committed to corporate social responsibility such as responsible for environment, ethical business environment and workers safety practice that is prescribed in the supplier code of