Supplier Management Of Lean Supply Chain In Wyeth

Supplier management is the core part of procurement management, which plays an important role in supplier chain and the right supplier management method can lead to lean supplier chain., which is the key of success of lean production. Development and optimization of supplier base by the Procurement Team can directly result in reducing the purchase and logistics cost and indirectly gain advantages of on time delivery to ensure the mass production. In a word, supplier management is a critical part to improve an enterprise's core competitiveness. So the cost reduction and increase of profit while fulfill the smooth production can not be achieved without effective management of procurement and supplier bases under lean supply chain management. As a new plant in SIP, there're huge purchasing requirements before the commercial production including project procurement and operation procurement under the high standard and with limited time. It's a big challenge to have a good management of suppliers, and supplier management capabilities determine competitive advantage in infant milk power market. Therefore, supplier management in Wyeth has become a topic worthy of study.Wyeth Nutrition (China) Co., Ltd. (Wyeth for short) mainly engaged in production of good quality of infant milk power for Chinese infant. As a pharmaceutical background company, we follow pharmaceutical production standard to produce infant milk power. So the supplier selection is extremely strict with the concern in quality other than price.This article starts from actual and present facts under the circumstance of green field to makes analyses of different kinds of purchasing requirements strategy and procurement mode. Sums up a series of problems that confront the company and, in view of practice, offering constructive solutions:to change the procurement mode, to optimize the procurement process of the company, to define the suppliers management system, to work out strategic suppliers management plan, to build up a modern procurement management system and achieve the balance between lowest cost and best quality. It is hoped that this paper can afford some good practice to domestic enterprises which in milk power industry to help them modernize their procurement management.