The Research Of LC For Supplier Management

Enterprises have faced the increasingly fierce competition with the continued change of the economic globalization, and they always think the problems how to boost the competitiveness continuously. The supply chain management is an important part of business activities, and many companies pay more attention to the subjects how to build the high-efficient and low-cost supply chain. Supplier Management is not only the key object but also the key successful factor of the supply chain management.This paper describes the basic concept and theory, and analyzes the content, purpose and research significance of the supplier management. We focus on studying how to manage supplier effectively with LC's empirical research, analyzing the company's supplier by classification, development, evaluation and continuous improvement processes, and emphasizing the supplier development, evaluation, incentive improvement and the excellent management cycle. This paper proposes and describes three supplier management improvement strategies with LC's faced problems. The first is supplier localization and development. The second is supplier relationship development. The third is supplier risk management. The study methods of SWOT analysis and the chart method are applied to the objects of supplier relationship management and supplier risk management. The paper finds the effective ways of supplier management through the case study (verification), and helps the enterprises to continuously improve the competitiveness, to realizing the long-term and win-win partnership with the suppliers.Finally, we review the LC's supplier management and expounded many challenges and prospects of supplier management in the current financial crisis and raise the necessary of establishing the long-term partnership with the main suppliers.