To manage supply chain costs while ensuring quality, I focus on: 1. Strategic Supplier Selection: Partnering with suppliers who align with quality and sustainability goals. 2. Clear Standards: Communicating detailed quality benchmarks and providing regular training to suppliers. 3. Cost Optimization: Reducing costs through bulk purchasing, streamlined production, & efficient logistics. 4. Audits and Inspections: Conducting regular audits/inspections to catch issues early and avoid costly rework. 5. Tech Integration: Using supply chain tools to track performance and address inefficiencies. 6. Feedback Loops: Leveraging feedback from customers and suppliers. This approach balances cost efficiency with customer satisfaction and quality.

Ensuring quality in supply chain management involves establishing clear quality standards, conducting rigorous supplier evaluations, implementing robust quality control measures, utilizing supplier performance management systems, monitoring all quality data and metrics, fostering communication and collaboration, and continuously improving processes. 1. Efficiency: A good supply chain operates efficiently, minimizing waste. 2. Responsiveness: A supply chain needs to be responsive to changes in demand, customer needs, and market dynamics. This includes timely order processing, quick delivery, and flexible adaptation to changing requirements. 3. Resilience: Withstand disruptions and recover quickly from challenges or unforeseen events.

Ensures suppliers adhere to your quality standards and regulatory requirements Develop a standardized checklist for periodic audits focusing on production processes, material quality, and compliance Enhances visibility, reduces manual errors, and optimizes processes Use Supply Chain Management Software for real-time tracking and predictive analytics. Implement Quality Control Automation to identify defects early Collaborative relationships foster mutual trust and commitment to quality Share demand forecasts to help suppliers plan better Reduces hidden costs while focusing on lifecycle value Small, incremental improvements lead to long-term quality and cost benefits Eliminates waste while improving efficiency

3 Ways to ensure quality of supply costs: 1) Authentic method of calculation: - Leverage technology to measure the costs to avoid any manual errors - Perform cost audits backed with data and files in place - Have supervisors involved to get a standard review 2) Vendor Management: - Have contracts to ensure timely delivery of materials and avoid additional costs 3) Cost Management - Cost Budgeting and Cost correction to be deployed at every stage of supply chain