Best Practices for Supplier Engagement

The video tutorial covers best practices for supplier engagement, focusing on developing sustainable procurement guidelines. It emphasizes the importance of concise communication, evaluating suppliers with relevant questions, and building trust and accountability. The tutorial also discusses the impact of supplier performance on business and explores strategies for using incentives to encourage compliance.

Why is it important to use concise language in procurement guidelines?

• To reduce the number of pages

• To ensure clarity and focus on key criteria

• To make the document more appealing

• To save time and resources

What should suppliers provide to demonstrate their compliance with guidelines?

• A list of their products

• A signed contract

• A detailed company history

• Examples of their initiatives

How can trust be maintained while ensuring accountability in supplier engagement?

• By allowing suppliers to self-evaluate

• By reducing the number of evaluations

• By offering incentives for participation

• By gathering information and holding suppliers accountable

What is a potential consequence of poor supplier performance?

• Extended contract terms

• Immediate loss of business

• Higher supplier ratings

• Increased business opportunities

What approach can be used to encourage suppliers to meet procurement criteria?

• A carrot initiative

• A public announcement

• A mandatory training program

• A strict penalty system