All You Want To Know About Tracking Supplier Performance

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What is supplier development? There are various definitions about this term that have been brought up by different persons from time to time. Here they are –

“A long-term cooperative effort between a buying firm and its suppliers to upgrade the suppliers’ technical, quality, delivery, and cost capabilities and to foster ongoing improvement.”

“Any effort of a buying firm with its supplier(s) to increase the performance and/or capabilities of the supplier and meet the buying firm’s short – and/or long-term supply needs.”

Asset Based 3PL Or Non-Asset Based 3PL?

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Simply saying, asset based 3PLs are those that own parts of a supply chain like vehicles and warehouses. Conversely, non-asset 3PLs don’t own any such equipment. Both have their own pros and cons, and it is difficult to tell which one is better than the other. Depending on where you work, you can choose any one of the two that suits your requirements the best. So, we have mentioned here the advantages and disadvantages of both so that you can decide better which one you must opt for. You must choose the one that meets your needs and offers expert solutions along with reliable customer service, who can serve you long-term with the ability to expand your business. One such name is Jayem Logistics, the leading 3PL service provider in India, where you can rest assured to get the best service and solutions for all your logistics.