Certification in Supplier Diversity Practice Exam

Which of the following is NOT one of the four factors of successful supplier development programs?

1. Carefully developed and published objectives

2. Selection in support of key and diverse suppliers

3. Public visibility of supplier history

4. Involvement and support by senior executives

The correct answer is: Public visibility of supplier history

Public visibility of supplier history is not considered one of the four key factors of successful supplier development programs. Successful supplier development typically focuses on strategic elements that foster effective partnerships and enhance supplier capabilities. The other factors are crucial: having clearly defined and communicated objectives ensures that all parties understand the goals of the program and can align their efforts accordingly. Selecting suppliers who align with business objectives and emphasizing diversity promotes a more inclusive and effective supply chain. Furthermore, senior executive involvement is vital because it provides the necessary support and resources, signaling the importance of supplier development initiatives throughout the organization. These factors collectively contribute to a robust framework for supplier development, while public visibility of supplier history does not directly influence the effectiveness of such programs.