When answering this question, emphasize your strategic approach to building and maintaining strong supplier relationships. Discuss the importance of communication, trust, and collaboration. Provide examples of how you have successfully managed supplier relationships in the past, focusing on specific strategies or tools you used to ensure efficiency and cost-effectiveness. Mention any metrics or KPIs you monitored to evaluate supplier performance and how you addressed any issues that arose. For example:
"In my previous role, I prioritized open communication and regular performance reviews with our suppliers. I implemented a supplier scorecard system to track key performance indicators such as on-time delivery, quality, and cost. This allowed us to identify areas for improvement and work collaboratively with our suppliers to address any issues. By fostering a partnership-based approach, we were able to achieve a 15% reduction in lead times and a 10% cost savings over a year."
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