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As outsourcing continues to evolve, it’s becoming more complicated. Indeed, depending on what acronym you use, outsourcing can mean different things to different people.
The product has been designed, the assembly process laid out and the appropriate technologies selected. Now all you have to do is pitch the project to the person who signs the checks.
Supplier evaluation is not an easy process. Many different formulas and techniques can be used. One effective method assigns suppliers to four basic categories based upon their level of performance in key areas, such as delivery, quality and responsiveness.