To lower the risks associated with supplier relationships, supplier quality management must include both supplier selection and performance management. The company must first establish the criteria for selecting suppliers, then choose those suppliers, shortlist those suppliers, select those suppliers, conduct a site visit to examine the quality management, programmes, and practises of those suppliers, and finally evaluate the performance of those suppliers. Referring below practices explain in detailwith example how this pactices can help company in reducing business risks and revenue losses?

 a.Integrated IT architecture in supply chain;

b.Scorecard on supplier risk;

c.Metrics and KPIs for supplier performance;

d.Collaborative environment and manage supplier compliance and audits;

e.Accountable suppliers who can ensure quality of products.