Supplier Management
In the maritime context, Supplier Management refers to the systematic approach of sourcing and managing suppliers that provide goods and services to a shipping company or a maritime organization. This process involves identifying potential suppliers, negotiating contracts, establishing performance metrics, monitoring and evaluating supplier performance, and fostering strong, mutually beneficial relationships with suppliers. Supplier Management is crucial in the maritime industry as it directly impacts the efficiency and profitability of operations. It ensures that ships are supplied with necessary provisions, spare parts, and other essential goods in a timely and cost-effective manner. Effective Supplier Management can also minimize risks associated with supplier non-compliance, such as delays, quality issues, and legal complications. It is a key component of supply chain management in the maritime industry, contributing to the overall operational efficiency and competitiveness of shipping companies.
Your Previous Searches
Random Picks
- Galvanizing: Galvanizing is the process of applying a protective zinc coating to steel or iron, in order to prevent rusting. In the maritime context, galvanizing is commonly used to protect metal components of ships and boats from corrosion caused by ex ... Read More >>
- Heart Disease: Heart disease refers to a range of conditions that affect the heart, including coronary artery disease, heart rhythm problems (arrhythmias), and heart defects present at birth (congenital heart defects). These conditions can lead to various ... Read More >>
- Ransomware: Ransomware is a type of malicious software that encrypts a victim's files. The attacker then demands a ransom from the victim to restore access to the files with a decryption key. Ransomware can be delivered through various methods, includi ... Read More >>
Top News
SEAL Team 6 is said to be training for a fight with China over Taiwan. Here's wh...
The role of the elite unit may be limited but not inconsequential. "You don't use a scalpel for a job a hammer can do," a former SEAL said....
News Source: Business Insider on 2024-10-19
The last in-person vote in the US will be cast on the desolate tundra of Alaska'...
On a desolate slab of island tundra on Alaska's Aleutian Islands, a resident of a tiny village called Adak will again become the last American to cast an in-person ballot for president...
News Source: ABC News on 2024-10-19
A historically Black community grapples with lasting impacts after Baltimore bri...
As the dust settled after the deadly collapse of Baltimore’s Francis Scott Key Bridge, residents of Turner Station found themselves facing an uncertain future....
News Source: NBC News on 2024-10-18
These are the biggest challenges facing the US Army in the Pacific, according to...
Soldiers face daunting challenges in navigating the vastness of the Indo-Pacific, where a future war could take place across a range of environments....
News Source: Business Insider on 2024-10-18
Teen kayaker rescued after spending 12 hours treading water and clinging to his ...
A 17-year-old kayaker spent nearly 12 hours treading water and clinging to his kayak Wednesday after becoming separated from his high school paddling group, the U.S....
News Source: NBC News on 2024-10-18