Tier 1 Suppliers
Tier 1 suppliers are key business partners that directly provide critical inputs, materials, or services to a company. They are the closest link in the supply chain to production and operations, playing an essential role in ensuring product quality and operational continuity. These suppliers often represent a significant portion of procurement expenditure and are indispensable for realizing a company’s offerings.
Tier 1 suppliers typically maintain close relationships with the organization, ensuring compliance with contractual and regulatory requirements while contributing to supply chain efficiency and product reliability. Their effective management is vital for achieving business goals and maintaining smooth, high-performing supply chains.